A sweeping overhaul of U.S. cryptocurrency regulation is moving toward a pivotal Senate test in September, potentially giving the digital-asset industry a long-sought federal framework while intensifying a political fight over financial competition and President Donald Trump’s ties to crypto businesses.
Senate Majority Leader John Thune took procedural action Saturday to advance the Clarity Act, setting up a key vote after lawmakers return from their August recess, according to Reuters. The maneuver could ultimately clear the way for the legislation to reach a full Senate vote.
The measure would establish broad federal rules governing digital assets, including standards for determining when tokens fall under securities or…
