CLARITY Act Stalled: Crypto Regulations Hit Snag Over Trump Connections

The push for the CLARITY Act, a key crypto regulation bill in the U.S. Congress, has hit a snag due to ongoing debate over President Trump's family's crypto investments. Senate Majority Leader John Thune announced the bill won't pass before August recess, citing election politics. Prediction markets now show a 37% chance of passage, down from earlier highs. Democrats have pushed for ethical provisions to address Trump's crypto deals, while Republicans have softened their stance, adding limited restrictions. However, critics note significant loopholes remain. Wintermute's Ron Hammond suggests a narrow window post-election, but competing legislative priorities could derail the bill. The crypto industry awaits November's outcome, with hopes for a more favorable political climate.