Clarity Act stalls in Senate, won’t pass before August recess

https://en.wikipedia.org/wiki/United_States_Senate_chamber Senate Majority Leader John Thune announced that the Clarity Act, a key piece of U.S. crypto legislation, will not pass the Senate before the August recess. Thune’s statement comes as the Act remains in the legislative process, having cleared the Senate Banking Committee but still requiring full Senate approval. The Act, formally known as H.R. 3633, seeks to establish a structured framework for cryptocurrency markets in the United States. Despite its earlier success in the House, where it passed with bipartisan support, the bill faces hurdles in the Senate, needing a 60-vote threshold for passage. Key Takeaways Thune’s comments suggest a delay in the Clarity Act’s progression through the Senate, impacting its 2026 enactment prospects. Market pricing reflects a decrease in confidence regarding the Act being signed into law within the year, as indicated by recent activity. The Act’s future hinges on Senate dynamics post-recess, with bipartisan cooperation crucial for advancing the legislation. What to Watch Market participants will closely monitor any developments regarding the Clarity Act’s scheduling for floor consideration...