US Senate Delays CLARITY Act to Focus on Russia Sanctions

Lawmakers in the US Senate have pushed back consideration of the CLARITY Act. Congress is shifting its focus toward a new Russia sanctions package, federal nominations, and other urgent legislative matters.

This sudden pivot makes it very unlikely that the crypto market structure bill will get a vote on the Senate floor before next week. Time is running short, as there are only a handful of legislative days left on the calendar.

The delay leaves the crypto industry waiting a bit longer for federal regulatory guidelines. Crypto traders and policy watchers will be keeping a close eye on the Senate schedule next week to see if the bill can regain its spot on the priority list.