CLARITY Act Delayed Again Amid Senate Gridlock

The bipartisan US crypto market structure bill, known as the CLARITY Act, is facing another delay due to the Senate's crowded schedule and upcoming midterm elections.

Grayscale Head of Research Zach Pandl expressed his doubts about the bill's passage this year, stating that 'the chances of Senate approval this year now appear low.'

The CLARITY Act aims to bring clarity to the US crypto market structure. However, with a crowded legislative schedule and upcoming elections, its passage is becoming increasingly difficult.