Senate Postpones Vote on CLARITY Act Until Mid-September

The U.S. Senate has delayed its vote on the CLARITY Act until September, after lawmakers return from their August recess.

Senate Majority Leader John Thune confirmed that the bill will be 'teed up' for debate and a potential floor vote when Congress reconvenes in mid-September.

The delay is attributed to Republican leaders' inability to garner enough Democratic votes to move forward with the bill before the recess.

The CLARITY Act aims to create a framework for regulating digital assets, outlining federal agencies' responsibilities, and setting clear regulations for crypto markets.