🚨 CRYPTO REGULATION DELAYED: The US Senate has officially punted the landmark CLARITY Act to mid-September.
Majority Leader John Thune filed for cloture just before the chamber adjourned for its 5-week August recess.
Key details:
🗓️ Procedural vote set for Sept 15
⚖️ 60 votes required to clear the hurdle
⚠️ Prediction market odds of passing in 2026 have plummeted (Polymarket down ~17%)
The bill—which would shift primary oversight to the CFTC—stalled over stablecoin yield disputes, banking industry pushback, and unresolved ethics provisions.
"Death by 1,000 cuts is just as fatal as a bullet," warned Sen. Cynthia Lummis.
The regulatory waiting game continues. 🧵👇 #CLARITY Act faces September deadline #eToro acquires TradeZero #BIP-110 Bitcoin fork stalls #Fed watches July CPI closely
