Clarity Act on the Ropes as Ethics Fight and Shrinking Calendar Threaten Passage
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Senate Majority Leader John Thune signals the crypto market-structure bill unlikely to pass before the August recess, as Democrats reject the GOP's ethics language and analysts slash the odds of passage. The bill's uncertain future now hangs in the balance, with Democrats and Republicans struggling to reach a compromise. Market uncertainty persists, causing a ripple effect on cryptocurrency prices.
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.