US Senate Pushes CLARITY Act Vote to September Recess
The US Senate has delayed voting on the CLARITY Act until at least September, leaving one of the crypto industry's top legislative priorities unresolved. According to a report from Politico, Republican leaders will leave for their August recess without voting on the bill, which aims to establish a federal framework for digital asset markets and clarify how oversight is divided between the US Securities and Exchange Commission and the Commodity Futures Trading Commission.
Senate Majority Leader John Thune confirmed that the chamber would not vote on the legislation before the recess, citing Democratic opposition. 'The Dems are insistent on no Clarity vote,' Thune said. He added that the bill would be prioritized when senators return next month.
Crypto Council for Innovation CEO Ji Hun Kim called the postponement 'disappointing' and expressed concerns about the delay's impact on American users and builders, who may be forced offshore due to a lack of regulatory clarity.