The Senate Just Shelved the CLARITY Act, And JPMorgan Says Crypto’s Tokenization Boom Could Slip Away to Wall Street

Bitcoin traded near $64,600 as the U.S. Senate shelved the CLARITY Act ahead of its August recess, leaving the market-structure bill without a floor vote.

JPMorgan had described the legislation as a significant potential catalyst, while its latest analysis said declining odds of passage this year were a headwind for the broader crypto market.Bitcoin (BTC)24h7d30d1yAll timeAttention now turns to whether senators can build enough bipartisan support to clear procedural hurdles.

The delay also leaves institutional allocators weighing whether continued U.S. regulatory uncertainty will keep capital sidelined or alter where digital-asset activity develops.Discover: Everyone’s Got a Take.

Get Free $25 to Actually Trade YoursSenate Floor Math and Banking Friction Slow Momentum CLARITY Act just got pushed to September.