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An ethics battle has frozen progress on the Clarity Act just before a Senate recess, leaving crypto legislation in limbo at a critical moment for digital asset policy.
A revised version of the crypto Clarity Act may be released as soon as next week, according to sources cited by CoinDesk, marking a key step in U.S. digital asset legislation.
The CFTC's top official is sounding the alarm on congressional delays to the CLARITY Act, warning that inaction risks locking crypto markets in a tangle of overlapping rules.
Crypto advocates are pressing the Senate to pass the Clarity Act before its August recess, arguing the legislation is critical for regulatory certainty.
Senator Cynthia Lummis is pushing the CLARITY Act, a bill designed to redraw the regulatory lines governing digital assets in the United States.
