Astounding Crypto Future Is Held Down by 20th Century Law

Earlier this month, the U.S. Senate took its summer vacation before finishing work on the Clarity Act, cutting the chances that the major crypto finance legislation will pass Congress and become law by Election Day in November.

This delay is not a disaster for the crypto finance industry — yet. Senate Majority Leader John Thune has promised to bring the bill to the Senate floor in September, making it one of the few remaining issues to be debated before the midterms.