MARKET REPORT
Senate skips procedural vote on Clarity Act this month
Executive takeaway
The crypto industry criticized the Senate's decision not to hold a procedural vote on the Clarity Act in the current session, though some in the sector argue the delay is preferable to a weaker bill.
The U.S. Senate will not hold a procedural vote this month on the Clarity Act, the market-structure legislation the digital-asset industry has been pressing for, CoinDesk reported.
Industry participants expressed anger and disappointment at the delay. CoinDesk's analysis argued the postponement is not the worst available outcome, since it leaves room for changes to the text rather than locking in provisions the sector opposes.
Wire sources cited
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Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.