Clarity Act on the Ropes as Ethics Fight and Shrinking Calendar Threaten Passage

The Clarity Act, the sweeping bill that would set the ground rules for U.S. crypto markets, is running low on both time and votes, with Senate leadership now signaling it likely won't clear the chamber before lawmakers scatter for their August recess. Senate Majority Leader John Thune told reporters on Thursday he doesn't expect the digital-asset market-structure bill to find enough runway before the summer break, though he said he still hopes to begin the floor process beforehand. Missing that...