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Crypto Industry’s CLARITY Act Faces Major Setback

Crypto Industry’s CLARITY Act Faces Major Setback

The crypto industry’s long-delayed, highly anticipated CLARITY Act just ran into another problem. House Republican leadership has canceled the chamber’s planned voting weeks of September 21st and 28th, meaning lawmakers will return on September 14 for just four days before leaving Washington until after the midterm elections. With the Senate scheduled to begin work on its version of the bill on September 15, the chances of CLARITY reaching President Donald Trump’s desk before the midterms have become extremely slim.

The House’s move came from Republican leadership after lawmakers passed a stopgap spending bill that reduced the immediate need to keep members in Washington. Majority Whip Tom Emmer’s office…

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