US Senate Committee Delays Vote on Landmark Crypto Bill

The delay in the "CLARITY Act" vote, following opposition from industry giants like Coinbase CEO Brian Armstrong, is a setback for hopes of immediate regulatory clarity in the US. While the bill aimed to define when tokens are securities or commodities, the industry's pushback suggests the proposed framework might be worse than no rules at all. This uncertainty can hinder innovation and institutional adoption, as large players prefer clear guidelines. The ongoing regulatory limbo in the US continues to be a major headwind for the domestic crypto market, contrasting with clearer rules emerging in regions like Europe under MiCA.#news #US