Hopes for key crypto bill fade amid delays, Trump ethics controversy

The CLARITY Act, a key crypto bill aiming to regulate digital assets, faces delays and uncertainty due to Senate Majority Leader John Thune's announcement that passage before August recess is unlikely. Bipartisan support exists, but progress is hindered by ethical concerns over President Donald Trump's crypto connections and mid-term election politics. Prediction markets show declining odds of passage, and the legislative process is stalled amid shifting Republican positions on ethics provisions.