Senate Delays Clarity Act Vote Until September Amid Crypto Bill Disputes
The US Senate has delayed its vote on the Clarity Act, a bill aimed at establishing a market structure framework for digital assets, until September. The delay means that lawmakers will not be able to pass the legislation before their August recess.
Senate Majority Leader John Thune confirmed the postponement, indicating that he wants the Senate prepared to move on the bill as soon as they return from recess.
The main sticking points for Democrats are ethics provisions and yield payments tied to the crypto bill. Republicans have been pushing for a bipartisan amendment to address these concerns, but no deal has been reached yet.
With a vote before recess now off the table, negotiations will continue in September with a focus on reaching an agreement on key issues.