Senate Delays Clarity Act Vote Until September

The Senate has delayed its vote on the CLARITY Act until September, according to a statement from Senator John Thune (R-S.D.). The bill aims to establish a regulatory framework for digital assets, providing more transparency and regulation in the crypto industry.

Thune confirmed that the Senate will wait until after the August recess for a floor vote on the CLARITY Act. This means that the Senate will convene again in mid-September before proceeding with the bill.

The Democratic Party has been pushing for more negotiations on outstanding issues, and Republican leaders had been trying to get the bill passed during the recess. However, the bill hasn't mustered enough support from Democrats, leading to the delay.