Original sourceCryptoTimes
Summary
Senate Majority Leader Thune did not file a cloture motion for the CLARITY Act by the August 7 deadline, stalling progress. The White House intervened at the last minute, with staff and Senators Tillis and Gallego negotiating bipartisan ethics provisions, but no agreement was reached. The Gallego-T…
Key points
- Track key developments in US crypto regulatory legislation, affecting industry compliance expectations.
- The delay increases regulatory uncertainty in the short term, impacting market structure and clarity.
- Crypto businesses may postpone compliance decisions; Congress needs more time to negotiate, maintaining the regulatory status quo.
Editorial note
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