The CLARITY Act has lost momentum after Senate leaders ruled out passage before the August recess. Political disputes surrounding ethics rules and crypto oversight continue to dominate Senate discussions. As a result, attention has shifted toward a possible November window when election pressures may ease. Election Politics Pushes Clarity Act Beyond August The CLARITY Act has entered another period of uncertainty after Senate Majority Leader John Thune indicated that lawmakers will not pass it before the August recess. As a result, industry participants now expect the Senate to revisit the legislation later this year. Current discussions now point toward November as the next realistic opportunity for progress. Wintermute Head of Policy and Advocacy Ron Hammond believes election politics now outweigh legislative momentum despite bipartisan backing. He maintains that the bill still has enough support across party lines to advance. However, political priorities continue to dominate Senate...
The European Union has expanded its sanctions against Russia by adding HTX to a new package targeting financial networks. The measures also include several other crypto service providers that allegedly supported sanctions evasion. The move marks another step in the EU's broader effort to tighten restrictions on financial channels linked to Russia's war economy. EU Adds HTX to Latest Russia Sanctions Package The European Union has included HTX among 18 crypto service providers in its latest sanctions package targeting Russia. The measures aim to disrupt financial networks that allegedly supported sanctions evasion through digital assets. The package also targets banks, oil traders, energy revenue channels, and vessels linked to Russia's shadow fleet. EU officials stated that the listed crypto firms allegedly helped Russian users bypass existing sanctions. Authorities expanded the restrictions as part of wider efforts to limit financial activity supporting Russia's war in...