Senate Delays Clarity Act Vote Until After Recess
The US Senate has delayed its vote on the CLARITY Act, a comprehensive bill to clarify how crypto assets fall under SEC or CFTC oversight. The bill aims to address years of regulatory uncertainty and was expected to be voted on before the August recess.
However, Republican Senator John Thune confirmed that the Senate will not hold a vote on the legislation until after the break. He blamed Democrats for impeding its progress, saying they are 'insistent on no Clarity vote.'
The CLARITY Act would reduce regulations for cryptocurrency firms to help them develop and innovate, but critics argue it needs stronger investor protections and tighter ethical safeguards.
Crypto companies and advocates had hoped senators would stick around longer to resolve differences over the bill. With lawmakers expected back on September 14, 2026, there are three weeks left to continue negotiations and address remaining agenda items.
Digital Chamber CEO Cody Carbone expressed optimism, saying 'the fight is far from over' and that they will continue working to find common ground for a successful vote in September.