The US Senate has pushed back a vote on the CLARITY Act, the crypto market structure bill, following a procedural delay, according to Cointelegraph. Lawmakers are now expected to take up the legislation after returning from a month-long recess, the outlet reported. Crypto industry advocates reacted to the delay, calling it “disappointing,” according to Cointelegraph.

The setback coincided with weakening price action in XRP, which is trading just above $1.00 and remains under a death cross, according to Decrypt. Decrypt reported that the legislative tailwind that had lifted XRP earlier is losing steam as the bill’s timeline slips.

CoinDesk’s State of Crypto column examined whether the delay could ultimately work in the industry’s favor, framing the pause as a potential opportunity rather than a pure setback, though the outlet did not detail specific benefits.

Together, the reports point to a market and legislative environment in flux: a key piece of crypto policy is stalled until lawmakers return, industry groups are voicing frustration over the holdup, and at least one token tied to regulatory optimism is showing signs of cooling.

Sources: CoinDesk, Decrypt, Cointelegraph

This article is for information only and is not financial advice.