CLARITY Act failure in U.S. Senate may shift South Korea crypto legislation timeline
- —U.S. Senate: 49 votes for, 50 against, short of the 60 needed — procedural vote on CLARITY Act fails
- —Processing of the law may slip to the first half of 2027 due to November midterm elections
- —SEC on September 17 granted temporary conditional relief for U.S. tokenized equity platforms
- —In Korea, debate on the digital asset law is expected in November, after parliamentary hearings
Why it matters: The delay of the foundational U.S. law reduces external momentum for crypto regulation in other countries, including Korea, and prolongs industry uncertainty.
Source: Digital Today