FT announced the suspension of work on the adoption of the law on cryptocurrencies in the US Senate

The CLARITY Act, designed to establish rules for regulating digital assets in the United States, has stalled in the Senate, despite more than $225 million spent by the crypto industry to increase its influence in Washington since the beginning of Donald Trump's second presidential term. This was reported on July 8 by the Financial Times (FT) newspaper.

"Senators will leave Washington without voting on the CLARITY Act," the article says.

The bill should create basic rules for crypto companies and, according to industry participants, reduce the risk of stricter regulation. The U.S. House of Representatives approved its version of the document in 2025. The Republican leader in the Senate, John Thune, said the vote would be held in September.

Some Republicans are opposed to the bill, fearing that crypto accounts with higher yields may lead to an outflow of customers from banks. The Democrats, in turn, demand that restrictions be included in the document for Trump and other officials because they have crypto assets.

The crypto industry spent more than $185 million to promote the law from January 2025 to June 2026 and more than $40 million on lobbying.

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Bitbanker financial analyst Andrey Poroshin reported a day earlier that the current mining situation remains an additional support factor for bitcoin. According to Poroshin, the cryptocurrency is currently trading below the estimated cost of production from American miners, which is estimated at about $72-75 thousand. Regulation remains an important factor for the market. In the United States, consideration of the CLARITY Act bill was postponed to September, which is why some market participants took a wait-and-see attitude.