World · Regulation · United States ·
US crypto market-structure bill likely to miss Congress summer deadline
Senate Majority Leader John Thune said the Clarity Act, a bill that would set clear rules for how crypto assets are classified and traded in the US, will likely not pass before Congress breaks for summer recess. Democrats have objected to the bill's ethics provisions covering President Trump's crypto dealings, saying the limits do not go far enough.
Why it matters for the crypto market
The Clarity Act is one of the most significant pieces of crypto legislation in US history, and a delay pushes back the legal certainty that institutional players have been waiting for before expanding crypto operations.
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