Senate Majority Leader John Thune announced that the Clarity Act, a key piece of U.S. crypto legislation, will not pass the Senate before the August recess. The bill, formally known as H.R. 3633, cleared the Senate Banking Committee but still requires full Senate approval. The legislation, which aims to establish a structured framework for cryptocurrency markets, previously passed the House of Representatives with bipartisan support but now faces the 60-vote threshold required in the Senate. This announcement signals a significant delay in the bill’s timeline, with its 2026 enactment prospects appearing increasingly uncertain.
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