Crypto Clarity Act Risks More Delay As Recess Looms

The long-awaited crypto Clarity Act may be further delayed as August recess fast approaches. 

Despite optimism last week from top crypto companies — like Coinbase — and backing from top financial institutions, lawmakers appear to be prioritizing other bills to vote on before their five-week break starting Thursday or Friday. 

Democratic Senator Elizabeth Warren was even quoted saying in a Sunday Punchbowl News report that “more people in the Senate are beginning to question crypto’s electoral invincibility.” 

Pro-crypto Republicans, such as Senator Cynthia Lummis, have blasted Democrats for deliberately holding back the bill after members of the party said that…

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