Hopes for key crypto bill fade amid delays, Trump ethics controversy
For nearly a year and a half, the crypto industry has been pressing for legislation known as the CLARITY Act, which would provide a predictable regulatory framework for digital assets. Until this week, industry leaders had high hopes the bill was on the cusp of passing, following a series of hard-won compromises with the banking lobby and other crypto skeptics. Then, on Thursday, the goalposts moved again.Recommended Video In a move that caught many in the crypto industry by surprise, Senate Majority Leader John Thune (R-ND), told reporters that he did not expect the Senate to pass the bill before the body adjourns for its August recess.
- ▪For nearly a year and a half, the crypto industry has been pressing for legislation known as the CLARITY Act, which would provide a predictable regulatory framework for digital assets.
- ▪Until this week, industry leaders had high hopes the bill was on the cusp of passing, following a series of hard-won compromises with the banking lobby and other crypto skeptics.
- ▪Then, on Thursday, the goalposts moved again.Recommended Video In a move that caught many in the crypto industry by surprise, Senate Majority Leader John Thune (R-ND), told reporters that he did not expect the Senate to pass the bill before
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For nearly a year and a half, the crypto industry has been pressing for legislation known as the CLARITY Act, which would provide a predictable regulatory framework for digital assets. Until this week, industry leaders had high hopes the bill was on the cusp of passing, following a series of hard-won compromises with the banking lobby and other crypto skeptics. Then, on Thursday, the goalposts moved again.Recommended Video In a move that caught many in the crypto industry by surprise, Senate Majority Leader John Thune (R-ND), told reporters that he did not expect the Senate to pass the bill before the body adjourns for its August recess.
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