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Senate Delays Crypto Bill Until September | Bitcoin and Crypto News
Description
The Senate just delayed a major crypto bill—the CLARITY Act—until September, frustrating industry leaders who hoped for faster action. With midterms looming in 50 days, political timing is working against the bill’s chances, while lawmakers and CEOs alike push back on the delay. Ethical concerns over Trump’s crypto investments and banking objections to smaller banks’ deposit access are adding hurdles. Yet, prediction markets still bet big on its passage by year’s end—if it survives Senate approval, it’ll need another House vote to become law.
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