Clarity Act Delayed to September, Banks Accelerate Tokenized Deposits

The delay of the Clarity Act effectively removes an immediate regulatory deadline, giving banks a longer runway to advance tokenized deposit pilots without the shadow of new rules. This timing matters because it shifts the center of gravity from legislative clarity to institutional experimentation, potentially letting market practice define standards before lawmakers act. The key dynamic to watch is whether this window accelerates bank-led adoption enough to influence the eventual shape of the legislation, or whether regulatory uncertainty still caps the scale of these initiatives.