Crypto’s top legislative priority slips in Senate
The industry needs a vote before November so it can deploy millions in political spending, but leaders have yet to line one up.
The US Senate will not vote on the Clarity Act before its summer break. According to CoinDesk, this development dims hopes that the bill can become law this year.
Senator Tim Scott, who chairs the Senate Banking Committee, had expressed optimism that the Senate would vote on the Digital Asset Market Clarity (CLARITY) Act before the August recess, as reported by Cointelegraph. However, despite his efforts, the vote will not take place. The bill requires support from 60 lawmakers to pass the Senate and advance in Congress.
Senator Thom Tillis noted that getting a vote before the summer break would be a "moonshot" as of Thursday, but added that there was still a chance if the Senate session was extended into next week, according to Semafor.
Brief written by urgent.news from CoinDesk, Cointelegraph, Semafor — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
