The Clarity Act, a bill aimed at clarifying the structure of the cryptocurrency market, is expected to miss its deadline before Congress' summer break, according to Majority Leader Thune.
As reported by CoinDesk, the deadline to get the bill done before senators scatter will likely be missed, though it may get a start before then. This means that while some progress may be made on the bill before the summer break, its passage is unlikely to occur before then.
The Clarity Act is a significant piece of legislation for the cryptocurrency market, and its delay may have implications for the industry. However, with the summer break approaching, it seems that the bill will have to wait until after the break to see further action.