The Crypto Bill Washington Promised Just Got Pushed Back Again

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The Senate walked away from the CLARITY Act before recess. Here is what stalled the crypto market structure bill and what happens in September.The most important piece of crypto legislation in the United States was supposed to move this week. It did not. Senate Majority Leader John Thune confirmed late Thursday that the CLARITY Act will not get a floor vote before lawmakers leave for the August recess, pushing the whole thing into September.For an industry that has spent more than a year lobbying for exactly this vote, the timing stings.What Exactly Happened With The CLARITY Act?The short version is that the window closed without a deal.Thune confirmed the Senate is delaying a vote until lawmakers return from the August recess.He said the bill would be queued up first thing when the chamber reconvenes in September.Procedural steps such as filing cloture could still happen, but the actual floor vote is off the table until next month.The delay reverses expectations set by Senate B...