The Clarity Act faces uncertainty after Senate Republicans delayed a vote until after their August recess, pushing it to September, just weeks before midterms (Jasper Goodman/Politico)
The cryptocurrency industry's top Washington priority has run into a stinging setback in the U.S. Senate.
The Clarity Act, a top priority for the cryptocurrency industry, has faced uncertainty after Senate Republicans delayed a vote on the bill. The vote has been pushed to September, just weeks before the midterm elections.
According to Politico, this delay is a significant setback for the industry. The Senate had been clearing its agenda before the summer recess, with CBS News reporting that it had approved new energy sanctions aimed at Russia and was expected to confirm Todd Blanche as attorney general.
The Senate's agenda had been impacted by various factors, including disputes over bills such as the Protect College Sports Act, which is being held up due to a lack of consent to move forward, The Hill reported.
Brief written by urgent.news from Techmeme, CBS News, Associated Press, The Hill — 4 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
