The U.S. Senate failed to advance the Clarity bill, and industry leaders expressed dissatisfaction
2026-08-11 06:17:10
According to CoinMeta, as the U.S. Senate failed to advance the Clarity legislation before its August recess, industry leaders expressed disappointment over this delay. Senate Majority Leader John Thune submitted a procedural motion before the recess, planning to conduct preliminary procedural tests after the return to session on September 14. The bill requires at least 60 votes to pass, and the Republicans cannot achieve this number without Democratic support. Brian Armstrong, CEO of Coinbase, stated that although the progress in Congress is disappointing, broader adoption of cryptocurrencies will continue. Market forecasts indicate that traders expect the Senate to vote on it in September, but they are skeptical about the possibility of the bill becoming law by the end of 2026.
Bullish 1
Bearish 0
Source:Cryptonews
This content is for market information only and does not constitute investment advice.