CLARITY Act Faces Delay as Senate Prioritizes Voter Registration Bill
The U.S. Senate has pushed back consideration of the CLARITY Act, a pivotal digital asset market structure bill, until at least April. Senate Majority Leader John Thune confirmed the delay this week as the chamber shifts focus to the SAVE America Act, a voter registration bill requiring proof of citizenship for in-person registration.
Market structure legislation, including the CFTC-empowering CLARITY Act that passed the House in July, now faces Banking Committee delays after missing its January markup deadline. The timeline contradicts Senator Bernie Moreno's February target for April passage, creating regulatory uncertainty for crypto markets.
While the Senate Agriculture Committee has advanced its version of market structure rules, the Banking Committee's inaction leaves the digital asset sector in legislative limbo. The delay comes as institutional adoption of Bitcoin and Ethereum continues accelerating, highlighting the growing disconnect between Washington's pace and market realities.