Crypto
CLARITY Act Delayed to September: Does it Matter for Bitcoin?
The CLARITY Act has been delayed to September, but experts say Bitcoin remains unfazed by the uncertainty surrounding the crypto market structure bill.
The U.S. Senate will not vote on the CLARITY Act before its August recess, pushing the next potential window to September 14.
Senate Majority Leader John Thune confirmed there will be no August vote, but said the bill is expected to be taken up quickly when lawmakers return.
Crypto industry leaders are using the coming weeks to find enough bipartisan common ground for a successful September vote.
The CLARITY Act needs 60 votes to advance and currently has unclear support from both Republicans and Democrats.