A procedural delay in the US Senate has led to a postponement of the vote on the CLARITY Act, a major crypto market structure bill.
This delay has been met with criticism from the crypto industry, with advocates expressing disappointment at the decision to postpone the vote until after the Senate's month-long recess.
The delay is seen as a setback for the crypto industry, which had been hoping for a clearer regulatory framework to be established.
According to reporting from CoinTelegraph, lawmakers are now expected to address the bill after they return from recess.