The U.S. Senate has postponed a vote on the bipartisan Crypto Clarity Act until after the August recess, with action now eyed for September amid ongoing talks and procedural snags.
The bill, already passed by the House, would split oversight of digital assets between the SEC and CFTC, add consumer protections, and fix enforcement gaps after years of negotiations.
Voices like Coinbase CEO Brian Armstrong and Bitcoin's Michael Saylor express frustration over the delay, while strong GOP support meets Democratic concerns on issues like stablecoins and ethics.