The deadline to get the crypto market structure bill done before senators scatter will likely be missed, says Majority Leader Thune, though it may get a start before then.
- The crypto Clarity Act is unlikely to pass before Congress' summer break due to legislative hurdles and upcoming midterm election campaigns.
- Despite missing the pre-recess deadline, efforts may be made to start the Senate floor process, with some optimism from the White House that August could still see action.
- The bill faces significant opposition from both parties on various provisions, including limitations on government officials' crypto activities and stablecoin yield, highlighting ongoing regulatory uncertainty.
Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, Securities law classification, Regulatory sandboxes pilots, Legislative debates
Tags: #clarityact #cryptomarketstructure #congress #summerbreak #senate #legislation #stablecoin #whitehouse #electioncampaigns #regulatoryuncertainty
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