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The U.S. Senate may fail to pass the CLARITY Act before its summer recess.

56 minutes ago

U.S. Senate Majority Leader John Thune said the CLARITY Act is unlikely to be passed before the summer recess, but he hopes to at least initiate full Senate consideration of the bill before the break. The crypto industry had previously viewed August 7 as a key window for the bill to pass this year; if delayed until the fall, the likelihood of it being enacted into law in 2026 will decrease. White House crypto advisor Patrick Witt, meanwhile, noted that the Senate could still take action on the bill in the first week of August, though the chances of a final vote in July remain low. (CoinDesk)

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