BlockBeats News, May 23rd - Crypto journalist Eleanor Terrett revealed that the U.S. Senate failed to reach an agreement this week due to border security disagreements, resulting in the postponement of the “Cryptocurrency Market Structure Act” (known as the CLARITY Act) until early June to secure Senate debate time. With multiple priority items such as funding, housing, farm, and FISA expiry stacking up, the bill's prospects of entering the Senate floor in July and passing before the August recess are uncertain. Currently, Senate staff are continuing to merge the Agriculture and Banking Committee texts and advancing technical drafting during the recess.
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