Odaily Planet Daily News: Cryptocurrency journalist Eleanor Terrett posted on X that, due to ongoing internal disagreements within the Republican Party over the border security coordination bill, the U.S. Senate was unable to advance the agenda before adjourning for Memorial Day, causing the Crypto Market Structure Act (CLARITY Act) to require renewed efforts to secure a Senate vote after Congress reconvenes in early June. The Senate’s current schedule is already packed, with additional priorities including housing legislation, the farm bill, and the June 12 FISA bill deadline, making it likely that crypto market structure legislation will be delayed until July for consideration, thereby reducing the likelihood of final passage before the August recess. It is understood that staff from the Senate Agriculture and Banking Committees have already begun coordinating behind the scenes to consolidate the bill’s language, with technical drafting work to continue during the recess.
U.S. CLARITY Act review may be delayed until July, with final passage in August at risk.
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The U.S. CLARITY Act review may be delayed until July as Senate Republicans disagree over a border security bill, putting final passage at risk in August. With key votes on housing, agriculture, and a FISA bill scheduled for June, the crypto bill is likely to be postponed until July. Altcoins to watch could experience shifts in risk appetite as regulatory delays persist. Senate Agriculture and Banking staff are still finalizing the bill text, with technical work continuing during the recess.
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