UNITED STATES ENCRYPTION REGULATION OF THE CLARITY BILL STALLED AND THE SENATE DELAYED CONSIDERATION AFTER AUGUST

On 24 July, according to Fortune, the long-awaited digital asset control bill for the United States encryption industry was blocked, with Senate majority leader John Thune indicating that the Senate was not expected to pass the bill before the August recess. Recently, the Trump family ' s connection to encryption has been at the centre of controversy, and the Democratic Party has called for the inclusion in the bill of ethical provisions that limit the profits of government officials through encrypted transactions, arguing that the Trump family has earned over $2 billion in proceeds through memes and other encryption projects and that there is a conflict of interest. Ron Hammond, the head of the encryption firm Wintermute Policy and Advocacy, stated that the biggest obstacle to the current bill was not the lack of supporting votes, but the political pressure of the United States mid-term elections. In his view, there might still be a window in Congress to move the bill through after the elections. The analysts noted that, as the mid-November elections approached, the Democratic Party might regain the House of Representatives and expand the Senate, and that the legislative environment for encryption might change, and that the current formal legislative process might be only temporarily stalled。