Background: Former U.S. President Donald Trump had set a goal to pass market structure cryptocurrency legislation, the CLARITY Act, before the August recess.

Key Event: A spokesperson for Senator Tim Scott (Republican, South Carolina), chairman of the Senate Banking Committee, confirmed that although a hearing on the CLARITY Act is planned, the bill will not meet the August deadline set by Trump.

Potential Impact: This delay may affect the progress of legislation related to cryptocurrency market structure, and investors as well as industry observers should pay attention to subsequent developments.

TRUMP

MAGA

<p><img>President Donald Trump’s stated goal of passing market structure cryptocurrency legislation by the August recess is in serious jeopardy. A spokesperson for Senate Banking Committee Chair Tim Scott (R-SC) confirmed to Unchained in an email this morning that while the senator plans to hold a hearing on the CLARITY Act ...</p>
<p>The post <a href="https://unchainedcrypto.com/clarity-act-will-miss-trumps-august-deadline-senate-banking-chairman/">CLARITY Act Will Miss Trump’s August Deadline: Senate Banking Chairman</a> appeared first on <a href="https://unchainedcrypto.com">Unchained</a>.</p>

The CLARITY Act will miss the August deadline set by Trump: Chairman of the Senate Banking Committee