US Senate postpones CLARITY Act vote to September

TechFlow News, August 11, according to Cointelegraph, the U.S. Senate has postponed the final vote on the "Digital Asset Market Clarity Act" (CLARITY Act) until after reconvening in September. The bill aims to establish a federal digital asset regulatory framework, clarifying the regulatory division between the SEC and CFTC, and previously passed in the Senate Banking Committee in May with a 15-9 vote.

The core disagreement behind the vote delay lies in ethics provisions, with Democrats requesting restrictions on federal officials issuing or endorsing digital assets, citing approximately $1.4 billion in crypto-related income in Trump's 2025 financial disclosure as basis. Affected by the news, Bitcoin trading remained basically flat in the $64,100 to $64,400 range, while XRP fell over 2% to around $1.02. Industry organization Crypto Council for Innovation stated that the delay is disappointing but the legislative direction remains unchanged.