The Senate Just Delayed a Vote on the Clarity Act Until After Its August Recess -- The Odds of Passage Just Plummeted
The delay makes passage of the Clarity Act this year much more unlikely.
Overview
The U.S. Senate will delay a vote on passage of the Clarity Act, a potentially devastating blow for crypto advocates who had hoped to see a regulatory framework implemented. POLITICO first reported the news.
The Clarity Act is a key legislative measure many investors and stakeholders see as a step toward removing regulatory gray areas in the crypto sector.
Details
It also faced a tight deadline, with many believing that a vote before the Senate’s August recess is key to passage. Once the Senate resumes its session, there will be very little time.
Source
Originally published at www.fool.com.
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