US Senate Postpones CLARITY Act Vote Amid Russia Sanctions and Personnel Appointments

The US Senate has put on hold consideration of the CLARITY Act due to other legislative priorities, according to CoinDesk. Lawmakers will focus first on sanctions against Russia and personnel appointments.

A vote on the crypto market structure bill is unlikely to take place before next week, as reported by CoinDesk. The main sticking point remains a provision barring senior officials from backing or participating in cryptocurrency projects.

The Senate's schedule will also be affected by a farewell ceremony for Senator Lindsey Graham, whose honor the Russia sanctions bill was dedicated to.