US Senate fears crypto bill won’t make August vote deadline

Homepage > News > Business > US Senate fears crypto bill won’t make August vote deadline U.S. senators appear resigned to missing their August deadline for voting on crypto market structure legislation, unless President Donald Trump is willing to accept tougher limits on his crypto activities. CLARITY: it ain’t looking good Banking sector split over CLARITY Just how big is crypto economic impact? Crypto campaign cash floods into Michigan House primary Digital Chamber sues Illinois over crypto transaction tax Tether, Howard Lutnick and their GENIUS moves Thursday saw prices of prominent tokens shed a few percentage points, reflecting the general lack of enthusiasm that greeted Wednesday’s release of a new draft of the Senate’s digital asset market structure legislation (the CLARITY Act). The Republican-authored changes to the ‘ethics’ issue, along with the absence of changes regarding stablecoin ‘rewards,’ have failed to convince skeptical senators to get behind this push. Politico reported Thursday that a bipartisan group of senators continues to try to negotiate mutually acceptable compromises, but Dems are still sour over the weak ‘ethics’ language that would do little t...