Senate Set to Miss Pre-Break Deadline for Crypto Market Bill
Senate Majority Leader Thune says the Clarity Act is likely delayed until after lawmakers return from summer break.
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Key takeaways
- The crypto market structure bill will likely miss its pre-summer recess deadline.
- Senate Majority Leader Thune noted that preliminary work on the bill could still start before the break.
- US crypto businesses face continued regulatory uncertainty while Congress stalls.
US crypto regulation hit another wall. Senate Majority Leader Thune announced that the Clarity Act, a major crypto market structure bill, will likely miss its deadline to pass before lawmakers leave for summer recess.
Full passage before break? Off the table. Thune noted the Senate might still kick off initial work on the legislation before scattering, but a final vote will have to wait.
Why it matters
This delay means more waiting for an industry desperate for clear ground rules. The Clarity Act tries to draw sharp lines around US digital asset oversight, hitting exchanges, token issuers, and crypto platforms right where they operate. Until Congress actually writes market structure rules into law, US operators remain trapped dealing with enforcement-first regulation and clear-as-mud compliance standards.
Source: CoinDesk
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Daniel Okoro
Daniel tracks crypto regulation and policy across the US, EU and Asia, with a decade in financial journalism.
