CLARITY Act Delay Shows Crypto Market Structure Fight Is Not Over
The CLARITY Act, H.R. 3633, is unlikely to reach a Senate vote before the August recess, delaying the push for US crypto market structure legislation. The bill is still alive, but the timeline has slipped. A key obstacle is reported disagreement over ethics rules, especially Democratic demands for stricter limits on public officials holding or profiting from digital assets. The delay matters because crypto firms want clearer federal rules on whether assets are securities or commodities, how exchanges and custodians should register, and which regulators oversee the market. Without legislation, the industry remains split among the SEC, CFTC, Treasury, state regulators, and courts. If the bill misses the pre-recess window, September becomes the next likely opportunity. The main takeaway is delay, not defeat, but uncertainty remains high.
