The U.S. Senate postpones a key crypto regulation bill, reducing chances of passage before year-end.
The U.S. Senate will not vote on the Digital Asset Market Clarity Act before its August recess, delaying regulatory progress for the crypto industry. The bill, aimed at clarifying market structure rules, faced unresolved bipartisan issues, dimming hopes for enactment in 2024.
Industry leaders had pushed for a vote this month, but lawmakers prioritized other measures, including a continuing resolution to fund the government and a Russia sanctions bill. The Senate will reconvene on September 14, leaving a three-week window to address the legislation before the year-end session.
The delay extends uncertainty for crypto markets, which have awaited clearer federal guidelines amid ongoing regulatory scrutiny. Analysts note the bill’s fate may hinge on post-election legislative priorities.