Crypto Clarity rules may be delayed because Congress is somehow stuck arguing over housing

The markup of the CLARITY Act, a cryptocurrency regulation bill, is facing delays due to unrelated political disputes in Congress. Senator John Kennedy is withholding support, not over crypto issues, but due to frustration with the White House regarding housing legislation. This gives him leverage over the CLARITY Act timeline as his vote is needed. Additionally, unresolved protections for software developers, particularly noncustodial ones, remain a significant hurdle. While a compromise has eased the stablecoin yield standoff, allowing activity-based rewards but banning passive yield on idle balances, other substantive issues persist. Senate Banking Chair Tim Scott aims for unanimous Republican support before proceeding to a bipartisan markup, but Kennedy's housing demands and the developer protection negotiations present political and structural challenges that could push the bill's passage beyond critical mid-May deadlines, potentially jeopardizing its chances in an election year.

(Source：CryptoSlate)