The American crypto market structure bill, or CLARITY Act, faces delays of several weeks to months as the Senate Banking Committee shifts focus to housing legislation aligned with President Trump’s affordability agenda, reported Bloomberg on Thursday.
The Committee is likely to postpone further consideration of the crypto regulations, which were already delayed last week, until late February or March, stated the report, citing anonymous sources. The controversial crypto bill was originally postponed last week after Coinbase withdrew support over stablecoin yields.
“Not a great sign for the Senate Banking Committee, which was likely hoping for a bipartisan deal to smooth its own markup,” commented Crypto America host Eleanor Terrett.
No Agreement On Crypto Bill
The crypto legislation aims to establish clearer regulatory boundaries between the SEC and CFTC over digital assets. However, ranking Democrats and banking lobby groups have pushed for changes to the legislation prevent
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