US Senate Delays Crypto Regulation Bill Until September Amidst Democratic Opposition

The US Senate has delayed consideration of a digital-asset regulatory bill until September. In a statement, Senate Majority Leader John Thune attributed the delay to Democratic opposition. The Clarity Act, as it is known, has been met with resistance from some Democrats who decried the bill after its details were released.

Thune pointedly blamed Democrats for the month-long delay, noting that 'The Dems are insistent on no Clarity vote.' This move has sparked criticism and concern among those supporting the bill. The September timeframe is now being eyed by stakeholders as a new regulatory deadline to prepare for.