CLARITY Act Delayed to September, Extending Crypto Uncertainty
- Crypto market remains without a clear federal framework amid CLARITY Act delay to September.
- Exchanges face uncertainty over token classification as securities or commodities.
- Issuers face legal risks, institutions delay plans, and users lack clear protections
The CLARITY Act will not reach the U.S. Senate floor before lawmakers leave for the August recess, extending uncertainty for much of the digital asset industry. Senate Majority Leader John Thune, through a spokesperson, confirmed that the legislation is now expected to return when senators meet again in September after Democrats opposed holding a vote before the recess.
The delay leaves exchanges, token issuers, decentralized finance (DeFi) projects, institutional investors, and retail users operating under the same regulatory environment that has existed.
While the GENIUS Act has already enacted feder…
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