Senate in crypto legislative limbo over Trump ethics, banker battle

Homepage > News > Business > Senate in crypto legislative limbo over Trump ethics, banker battle The U.S. Senate is bracing for blowback as hopes for the August passage of its crypto market structure legislation appear deader than a doornail. CLARITY’s hourglass rapidly running out of sand Senate Dems hold ethics forum, but do voters care that Trump’s corrupt? Illicit finance language still dividing lawmen/lawwomen Wall Street bankers love CLARITY, Main Street bankers don’t Americans still unsure what stablecoins are Schumer offers names for potential CFTC/SEC nominees Crypto’s sharp campaign finance elbows could backfire If you’re holding your breath in anticipation of the Senate holding a floor vote on its digital asset market structure bill (the CLARITY Act) by August 7—the final sitting day before the Senate’s month-long summer holiday—it seems you can safely exhale now. In an appearance this week on Fox News, Senate Majority Leader John Thune (R-SD) was asked about his legislative priorities as the congressional calendar counts down. Amidst a list of pressing items, Thune said “we will probably have a vote on the CLARITY Act … that is in front of the Senate. We will s...