The US Senate will not vote on the CLARITY Act before the August recess, with the vote pushed to September. Democrats insisted on no vote before the break, while the bill requires 60 votes to advance, necessitating bipartisan support. The legislation includes safeguards to prevent President Donald Trump from financially benefiting from crypto while in office. Even if passed by the Senate, the bill must then be approved by the House of Representatives before reaching the president’s desk. Bitcoin traded around $64,100 on Friday, while Ethereum slipped below $1,900.
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