Key facts
- The CLARITY Act aims to establish a new regulatory structure for the crypto market.
- The CLARITY Act was not included in the U.S. Senate's official schedule for Tuesday.
- Republicans are blaming Democrats for the legislative holdup of the crypto bill.
- Republicans are urging lawmakers to pass the crypto bill before Congress goes on recess.
- Senate Majority Leader John Thune previously indicated a procedural vote was expected before the August recess.
- John Thune signaled he anticipates seeking a fifth term in 2028.
- John Thune acknowledged President Donald Trump's potential influence on his 2028 Senate run decision.
- Thune's comments come amid ongoing disputes with Trump over legislation.
The CLARITY Act, intended to establish a new regulatory structure for the crypto market, has been excluded from the U.S. Senate's official schedule for Tuesday. Republicans are urging for the bill's passage before Congress adjourns for its August recess, attributing the legislative holdup to Democrats. Senate Majority Leader John Thune had previously indicated that a procedural vote on the legislation was expected before the recess. The bill's exclusion from Tuesday's schedule suggests its consideration may be postponed.