US Senate will resume negotiations on the CLARITY Act in September

The US Senate is expected to enter the August recess without voting on the CLARITY Act, the crypto market-structure legislation, thereby postponing further action until September at the earliest.

The majority leader, Republican Senator John Thune, confirmed that the Senate would delay voting on the legislation until after the recess, blaming Democrats for impeding its progress. He, however, insisted that the bill would be high on the agenda after the break.

He contended, “The Dems are insistent on no Clarity vote. I worked with sponsors of the bill. Senator Lummis was great, and we’re getting that queued up first thing when we come back.”