Clarity Act Faces Senate Delays as Political and Ethics Hurdles Grow

The path for the Clarity Act to become U.S. law has become more challenging after lawmakers abandoned the previously discussed July 4 signing timeline. Attention has now shifted to a vote after Congress returns from its recess, with Senator Bill Hagerty indicating that Senate consideration is more likely in the weeks following lawmakers return on July 13. The cryptocurrency legislation still faces a significant hurdle in the Senate, where it must secure 60 votes to advance. Republicans currently hold 53 seats, meaning at least seven Democrats would need to support the measure. While…  Read more

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