CLARITY Act slips from Senate agenda as crypto bill faces delay
The CLARITY Act, widely viewed as the most significant piece of cryptocurrency legislation in the United States, has been removed from the Senate’s agenda for the current week. The move sharply reduces the chances of the bill advancing in the near term.
Highlights
- The CLARITY Act has been excluded from the Senate agenda for the week of April 20.
- Senator Tim Scott’s schedule contains no mention of the crypto regulation bill.
- Senator Cynthia Lummis warned that further delay could push passage until 2030.
- Only a compromise proposal on stablecoin yield is expected to be discussed this week.
Absence from Senate agenda
According to CoinPedia, Senator Tim Scott, Chairman of the Senate Banking Committee, released the committee’s schedule for the week starting April 20, and the CLARITY Act was notably absent. The only major financial matter listed is a hearing on the nomination of Kevin Warsh to serve as Chair of the Federal Reserve Board of Governors.
Senator Tom Tillis is expected to present a final compromise proposal on stablecoin yield this week, but a full debate on the broader CLARITY Act has been postponed.
Warning from Senator Lummis
Senator Cynthia Lummis, one of the strongest supporters of cryptocurrency in Congress, had previously warned that the window for passing the CLARITY Act is narrowing. She stated that if the bill is not brought to a vote by May, the next realistic opportunity may not arise until 2030—after the midterm elections and the formation of a new Congress.
Analysts link the delay to the approaching political season, as regulatory issues often take a backseat to more immediate political priorities ahead of elections.
Political risks for crypto regulation
The postponement of the CLARITY Act increases uncertainty for the U.S. cryptocurrency industry. The bill, which was expected to establish clear rules for stablecoins, decentralized finance, and digital assets, now risks being delayed for several years due to shifting political priorities.
This could slow the development of the sector in the United States and strengthen the positions of other jurisdictions that are already actively shaping their crypto regulations.
It was earlier reported that the CLARITY Act returns to focus as banks open сrypto week.
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