Regulatory clarity continues to be delayed, CLARITY Act rejected

Odaily News: U.S. Senator Tim Scott stated that after the CLARITY Act was rejected, Democratic lawmakers prioritized political considerations beneficial to themselves over public policy, preferring to score points in political confrontation with former President Trump rather than advance a regulatory framework they believe would benefit the American people.

He pointed out that the bill's obstruction means regulatory clarity for U.S. crypto and digital assets continues to be delayed, and called the process highly politicized.