US Crypto Clarity Act Delayed to September as Banks Press Ahead

The Clarity Act, a key piece of US cryptocurrency regulation, has been pushed back to September, leaving the industry without settled legal rules for longer than expected. Despite the regulatory uncertainty, banks and financial institutions are continuing to build out their crypto infrastructure and products. Matter Labs' Vassilis Tziokas argues that each month without clear rules inadvertently benefits closed, centralized platforms over open alternatives. The prolonged absence of a regulatory framework is seen as quietly tilting the competitive landscape in favor of established walled-garden ecosystems.