Senate delays Clarity Act vote to September amid scheduling issues: Politico

https://senate.arkansas.gov/senate-history-education/history-of-the-chamber/ The U.S. Senate has delayed its vote on the Clarity Act, a key piece of crypto market-structure legislation, until September, according to Politico. This move comes during the Senate’s summer recess, pushing any legislative action on the bill to the fall. The Clarity Act, which has already passed the House, aims to delineate jurisdiction over digital assets between the SEC and CFTC. This postponement is reportedly a result of scheduling issues rather than a formal withdrawal of the bill from consideration. The market for the Clarity Act being signed into law by the end of 2026 has reflected this delay, with observable activity suggesting decreased confidence in a near-term resolution. Currently, the odds for the bill’s passage this year have declined, falling to 15.5% from 18% just a day prior, and down from 30% a week ago. The Senate’s decision is viewed as a potential setback for those anticipating swift regulatory clarity in the crypto sector. Market participants appear to interpret this delay as indicative of potential further hurdles for the Clarity Act’s progression. The postponement aligns with conc...