Congressional Action Stalls on Clarity Act
The Senate has shelved the Crypto Clarity Act, halting momentum on what has become a focal point for digital asset market structure regulation. Despite earlier hopes for a vote, lawmakers have delayed action on the bill, which has attracted bipartisan interest and support from major institutional players.
The legislative pause comes despite public endorsements from BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi—signaling alignment between Wall Street and crypto market clarification efforts. SEC Chairman Paul Atkins stated he is 'committed' to helping advance the Clarity Act, indicating executive branch backing for the measure. However, the timing remains uncertain, with some lawmakers hoping for action by next week.
International Regulatory Actions and Enforcement
Myanmar's parliament has passed an anti-online scam bill that imposes severe penalties for cryptocurrency-related fraud, including prison terms ranging from 10 years to life for those convicted of operating crypto scams or scam centers. This reflects a global trend toward hardening criminal statutes around digital asset misuse.
