Senate Delays Crypto Market Structure Vote Until September

The U.S. Senate has delayed its vote on the Digital Asset Market Clarity Act until September, dealing a setback to the crypto industry's efforts to establish clearer regulatory guidelines for digital assets in the country.

Lawmakers are keeping the Senate in session briefly before the August break, but other priorities have taken center stage, including a government funding resolution and a Russia sanctions bill.

The delay means that supporters of the Clarity Act will face increased pressure to push for passage when the Senate returns on September 14, with only three weeks left to address outstanding issues tied to the market structure measure.