Senate Majority Leader John Thune stated that the CLARITY Act, designed to clarify U.S. regulations for digital assets and cryptocurrencies, may not be considered until after April. Lawmakers are currently prioritizing other pressing issues, with discussions on market structure legislation expected later.
The proposed CLARITY Act seeks to define the regulatory roles of different financial bodies, including the SEC and CFTC, in managing digital assets. This delay follows previous discussions and moves of similar bills through House committees.
Industry observers note that continued regulatory uncertainty could impact the U.S. digital asset market and potentially cede ground to other countries. Lawmakers continue to call for clear regulations that foster innovation in the sector.