Crypto News, July 28: CLARITY Act Shelved, Bitcoin Drops in Asian Market Rout
In Washington, momentum can vanish as quickly as it arrives. The Clarity Act now sits on the shelf, while the Bitcoin price slips under renewed pressure after a sharp selloff across Asian markets.
Senate Majority Leader John Thune has shifted attention toward federal nominations and a Russia sanctions bill, delaying debate on crypto legislation. The Digital Asset Market Clarity Act, designed to define SEC and CFTC oversight, now faces an increasingly narrow window before Congress begins its August recess.
That delay arrives at a supposedly bullish moment. Risk appetite was at its top, and now, the delay leaves crypto exposed to fresh volatility.
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