Crypto News, July 28: CLARITY Act Shelved, Bitcoin Drops in Asian Market Rout

In Washington, momentum can vanish as quickly as it arrives.

The Clarity Act now sits on the shelf, while the Bitcoin price slips under renewed pressure after a sharp selloff across Asian markets.Senate Majority Leader John Thune has shifted attention toward federal nominations and a Russia sanctions bill, delaying debate on crypto legislation.

The Digital Asset Market Clarity Act, designed to define SEC and CFTC oversight, now faces an increasingly narrow window before Congress begins its August recess.

SENATE SHELVES CLARITY ACT FOR NOW!Majority Leader John Thune is prioritizing nominations and a Russia sanctions bill, pushing the crypto market structure legislation aside amid limited floor time, CoinDesk reports.Clarity is unlikely to reach a vote before next week, the… pic.twitter.com/XKztbFL7cf— Crypto Banter (@crypto_banter) July 28, 2026 That delay arrives at a supposedly bullish moment.