U.S. Senate Delays CLARITY Act Vote to September
The Senate postponed a procedural vote on the crypto market structure bill, with Majority Leader John Thune planning to bring it back after the August recess.
On August 6, the U.S. Senate declined to hold a procedural vote on the CLARITY Act, a bill aimed at establishing a comprehensive regulatory framework for digital assets. The decision pushes the timeline to after the current August recess.
Senate Majority Leader John Thune stated that the legislation will be placed back on the calendar in mid-September, when lawmakers return from their break. The delay reflects the Senate's procedural scheduling and does not signal a loss of support.
The CLARITY Act seeks to define the roles of the SEC and CFTC in overseeing crypto markets, providing clearer rules for market participants. Industry attention now shifts to September for further developments.
Source: ForkLog