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US Senate Delays Vote on CLARITY Act Until September

1 hours ago

According to Politico, the U.S. Senate has decided to delay the vote on the Cryptocurrency Market Structure Act (the CLARITY Act) until September. Earlier, crypto journalist Eleanor Terrett reported that all parties involved in the Clarity Act are waiting for the White House to respond to or submit a counter-proposal on the bipartisan ethics amendment. Both parties are concerned that if the vote to end debate fails, it could derail the year-long legislative effort. However, industry groups and internal Republican factions are also pushing to move the process forward before lawmakers adjourn. Additionally, yield-related provisions have emerged as a more prominent point of contention, with an increasing number of lawmakers calling for revisions to the bill text.

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