U.S. Senate postpones vote on the Clarity Act until September

The United States Senate has postponed the vote on the Clarity Act, which aims to establish a regulatory framework for the bitcoin and cryptocurrency market. Senator John Thune confirmed that the debate on the bill will remain on hold until lawmakers return from their recess in September 2026. This delay allows legislators more time to secure the 60 votes needed to advance the initiative. However, the text faces considerable objections, including the debate over the regulation of stablecoin rewards and ethical concerns related to digital assets from President Donald Trump. Despite the political paralysis, the price of bitcoin remains stable above $64,000.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.