The US Senate is preparing for a potential September vote on the CLARITY Act, even as lawmakers remain short of the support needed to advance this crypto market structure bill. Senate Majority Leader John Thune intends to file cloture on the motion to proceed before the August recess. The lack of bipartisan support jeopardizes the bill’s chances of passage before the end of the year. This situation raises the question of the potential impact of legislative failure on crypto prices.
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