Aug 10 (Reuters) – The chances that the U.S. crypto industry will win ⁠once-in-a-generation digital asset legislation are dimming, despite Senate Republicans promising to advance the bill when lawmakers return to Capitol Hill next month.

In a blow for the crypto industry, the Senate left Washington ⁠on Saturday for the five-week August recess without a much-anticipated vote on the Clarity Act, which would create a regulatory framework for digital assets.

The deep-pocketed industry has spent hundreds of millions ‌of dollars campaigning to advance the bill which they say will put crypto companies on a solid legal footing, although Democrats, some…