Senate Delays CLARITY Act Vote Amid Crypto Regulation Talks

The US Senate has delayed a vote on the CLARITY Act, a bill aimed at regulating the cryptocurrency market. The main sticking point is an ethics provision that would limit senior government officials from involvement in crypto-related businesses.

Senate Majority Leader John Thune initially moved ahead with confirmations for federal appointments and then prioritized a Russia sanctions bill, bumping the CLARITY Act off the schedule. A vote could come as soon as next week at the earliest.

Negotiations between Democrats and Republicans over the bill's language remain unresolved. The main sticking point is an ethics provision that would restrict senior government officials from involvement in crypto-related businesses.