Clarity Act on the Ropes as Ethics Fight and Shrinking Calendar Threaten Passage
DECRYPT ·
Senate Majority Leader John Thune signals the crypto market-structure bill likely won't clear the chamber before the August recess, as Democrats reject the GOP's ethics language and analysts slash the odds of passage.
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A US congressional bill called Clarity Act is at risk of stalling amid ethical concerns and a tight legislative schedule. The bill's potential failure would raise uncertainty for the industry and prompt investors to strengthen their risk management given the prolonged regulatory void.
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- Cryptocurrency — Market sentiment is expected to contract amid uncertainty about cryptocurrency regulations, as the passage of the Clarity Act is at risk of being halted.
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