Republicans continue to criticize Democrats for delaying the Clarity Act, which would establish a regulatory framework for the cryptocurrency market. Senator Bill Hagerty warned that the US cannot afford to fall behind the rest of the world on digital asset regulation. The Senate has only two days to vote on the bill before recess. A bipartisan version exists but Democrats are questioning its wording, which Republicans describe as political obstruction. The bill, which passed the House last year with strong bipartisan support, now bans government officials and their families from issuing or promoting cryptocurrency.
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