Crypto

U.S. Senate Clarity Act vote deadline nears as Republicans push back on Democratic demands

The U.S. Senate’s cryptocurrency regulation bill known as the Clarity Act has re-entered a voting phase ahead of a recess. Republican lawmakers have criticised Democrats for delaying action, while some Democratic senators say the bill’s wording needs further revision. Senators have two days to move to a vote before the break. Bill Hagerty said the United States should not fall behind in digital asset regulation.

Crypto

Coinbase vice chair says U.S. Clarity bill could pass before August recess

Coinbase maintained optimism that the U.S. crypto market structure bill known as the Clarity Act could pass before the August recess. Vice Chair Ryan VanGrack said the bill is on track despite a weaker outlook and said late-stage negotiations are typical in Washington. He said much of the text, including consumer protections and enforcement tools, is already in place. Senate Democrats are seeking to delay a procedural vote, while Majority Leader John Thune says it will proceed.