The delay in the US crypto law is slowing down the takeoff of the sector
This week, the US Senate blocked the approval of the Clarity Act, the regulation that proposes a comprehensive legal framework for cryptoassets, highly anticipated by investors. One of the main obstacles to the law being approved is the possible conflicts of interest of Trump and his family due to their businesses related to the sector.
The US Senate has voted down the Clarity Act, a bill that aimed to establish a comprehensive legal framework for cryptocurrencies. The bill, which was expected to provide clarity on the regulatory environment for digital assets, failed to gain the necessary support, with 50 votes against it from Democrats and 49 in favor from Republicans.
The legislation's approval was hindered by concerns over potential conflicts of interest involving President Donald Trump and his family, as well as disagreements over issues such as stablecoin rewards and anti-money laundering safeguards. The SEC has meanwhile allowed the trading of tokenized stocks on Wall Street.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
