For nearly a year and a half, the crypto industry has been pressing for legislation known as the CLARITY Act, which would provide a predictable regulatory framework for digital assets. Until this week, industry leaders had high hopes the bill was on the cusp of passing, following a series of hard-won compromises with the banking lobby and other crypto skeptics. Then, on Thursday, the goalposts moved again. In a move that caught many in the crypto industry by surprise, Senate Majority Leader John Thune (R-ND), told reporters that he did not expect the Senate to pass the bill before the body adjourns for its August ... (full story)