Senate Shelves CLARITY Act as Crypto Braces for Fed Decision

35% — The probability of the CLARITY Act getting signed into law this year, according to Polymarket, as the U.S. Senate shelved the bill to prioritize Russia sanctions and federal nominations.

Money Moves

• CLARITY Act shelved — Senate Majority Leader John Thune pushed crypto market structure legislation aside, leaving just two weeks before the August 8 recess with a key dispute unresolved over government officials' crypto holdings.
• **Bitcoin drops to...