CLARITY Act Deadline Missed, Crypto Bill Stalls Amid Congressional Delays

The CLARITY Act's July deadline was missed, but Senate staff are working to merge competing drafts, keeping hopes alive for regulatory clarity in crypto. The bill aims to provide guidelines for DeFi, token launches, and market participants.

Congress has been struggling with several bills, including the SAVE America Act, which is stuck in the Senate. House Republicans are calling out Senate Majority Leader John Thune to move forward with the legislation, warning that delays could miss the deadline and leave election rules unchanged for this cycle.

Trump's recent financial disclosure revealed $2 billion in income, with nearly $1.4 billion coming from crypto-related businesses, including the TRUMP memecoin and World Liberty Financial. He also disclosed holding more than $100 million worth of cryptocurrencies.