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Crypto Clarity Act Faces Further Delay as August Recess Approaches

Crypto Clarity Act Faces Further Delay as August Recess Approaches

tags,

headings. We'll translate the text inside. Let's translate paragraph by paragraph. First paragraph: "The Crypto Clarity Act, a bill that passed the House last year with bipartisan support, is likely to be delayed again as the Senate prioritizes other legislation ahead of the August recess. A new draft circulated in July includes a ban on government officials and their families from issuing or promoting crypto, but the measure has not gained enough traction to reach a floor vote." Translation: "Akta Kejelasan Kripto, satu rang undang-undang yang diluluskan Dewan Rakyat tahun lalu dengan sokongan dwipartisan, berkemungkinan akan ditangguhkan lagi kerana Senat mengutamakan perundangan lain menjelang reses Ogos. Draf baharu yang diedarkan pada Julai termasuk larangan ke atas pegawai kerajaan dan keluarga mereka daripada menerbitkan atau mempromosikan kripto, tetapi langkah itu belum mendapat cukup tarikan untuk mencapai undian di dewan." We need to be careful with "House" - in Malaysia, it's "Dewan Rakyat" for House of Representatives. "Senate" is "Senat". "bipartisan" -> "dwipartisan" or "dua parti"? Usually "dwipartisan" is used. "floor vote" -> "undian di dewan" or "undian lantai"? Better "undian di dewan" or "undian penuh". We'll use "undian di dewan". Second paragraph: "Senator Elizabeth Warren (D-MA) said that 'more people in the Senate are beginning to question crypto’s electoral invincibility,' suggesting growing skepticism among Democrats. She argued the bill would allow criminals and cartels to move money and enrich President Trump, despite the new ethics language that prohibits government promotion of crypto. Pro-crypto Republicans, including Senator Cynthia Lummis (R-WY), have accused Democrats of deliberately stalling the bill." Translation: "Senator Elizabeth Warren (D-MA) berkata bahawa 'lebih ramai orang di Senat mula mempersoalkan kebal elektoral kripto,' menunjukkan peningkatan keraguan di kalangan Demokrat. Beliau berhujah bahawa rang undang-undang itu akan membenarkan penjenayah dan kartel memindahkan wang dan memperkayakan Presiden Trump, walaupun terdapat bahasa etika baharu yang melarang promosi kripto oleh kerajaan. Republikan pro-kripto, termasuk Senator Cynthia Lummis (R-WY), telah menuduh Demokrat sengaja memperlahankan rang undang-undang itu." We need to keep "electoral invincibility" - "kebal elektoral" might be okay. "criminals and cartels" -> "penjenayah dan kartel". "enrich" -> "memperkayakan". "stalling" -> "memperlahankan" or "menangguhkan". We'll use "memperlahankan". Third paragraph: "The July draft addresses concerns about conflicts of interest by barring officials and their families from issuing or promoting digital assets. Senators Thom Tillis (R) and Ruben Gallego (D) are working together to draft additional ethics language. The banking lobby has raised concerns over stablecoin yield, fearing a loss of deposit base if crypto exchanges offer attractive rewards. That pushback has added another layer of complexity to the negotiations." Translation: "Draf Julai menangani kebimbangan mengenai konflik kepentingan dengan melarang pegawai dan keluarga mereka daripada menerbitkan atau mempromosikan aset digital. Senator Thom Tillis (R) dan Ruben Gallego (D) bekerjasama untuk merangka bahasa etika tambahan. Lobi perbankan telah menimbulkan kebimbangan mengenai hasil stablecoin, bimbang kehilangan asas deposit jika pertukaran kripto menawarkan ganjaran yang menarik. Tentangan itu telah menambah satu lagi lapisan kerumitan kepada rundingan." "stablecoin" is a term, we can keep as "stablecoin" or translate? Usually in Malay, it's "stablecoin" as well. "yield" -> "hasil" or "pulangan". "deposit base" -> "asas deposit". "pushback" -> "tentangan" or "reaksi balas". We'll use "tentangan". Fourth paragraph: "Top Wall Street firms including Fidelity and Goldman Sachs, as well as law enforcement organizations, have backed the bill in its current form. Coinbase's Chief Policy Officer Faryar Shirzad expressed optimism, noting bipartisan work on the legislation. The support from both financial heavyweights and law enforcement gives the bill a broad coalition, but it hasn't been enough to break the Senate logjam." Translation: "Firma-firma terkemuka Wall Street termasuk Fidelity dan Goldman Sachs, serta organisasi penguatkuasaan undang-undang, telah menyokong rang undang-undang itu dalam bentuk semasa. Ketua Pegawai Dasar Coinbase, Faryar Shirzad, menyatakan keyakinan, sambil menyatakan kerja dwipartisan mengenai perundangan itu. Sokongan daripada kedua-dua gergasi kewangan dan penguatkuasaan undang-undang memberikan rang undang-undang itu gabungan yang luas, tetapi ia tidak mencukupi untuk memecahkan kebuntuan Senat." "logjam" -> "kebuntuan" or "kesesakan". We'll use "kebuntuan". Fifth paragraph: "With the August recess approaching, lawmakers have limited time to advance the bill before leaving Washington. The Senate is expected to focus on must-pass spending measures and other priorities, pushing the Crypto Clarity Act to the fall. Whether the new ethics language can win over enough Democrats remains an open question." Translation: "Dengan reses Ogos semakin hampir, penggubal undang-undang mempunyai masa yang terhad untuk memajukan rang undang-undang sebelum meninggalkan Washington. Senat dijangka memberi tumpuan kepada langkah perbelanjaan yang mesti diluluskan dan keutamaan lain, menolak Akta Kejelasan Kripto ke musim luruh. Sama ada bahasa etika baharu dapat memenangi hati cukup ramai Demokrat masih menjadi persoalan terbuka." "must-pass spending measures" -> "langkah perbelanjaan yang mesti diluluskan". "fall" -> "musim luruh" (but in Malaysia, we don't have fall, but we can use "musim luruh" or "musim gugur"? Actually, in Malay, "musim luruh" is used for autumn. But since it's about US politics, we can keep "musim luruh" or "musim gugur". We'll use "musim luruh". Now meta description: "The Crypto Clarity Act, passed by the House last year, faces another delay as the Senate prioritizes other bills before the August recess. Ethics disputes and lobbying pressure stall progress." Translation: "Akta Kejelasan Kripto, yang diluluskan oleh Dewan Rakyat tahun lalu, menghadapi kelewatan lain kerana Senat mengutamakan rang undang-undang lain sebelum reses Ogos. Pertikaian etika dan tekanan lobi memperlahankan kemajuan." We need to ensure we keep proper nouns: "Crypto Clarity Act", "Elizabeth Warren", "Cynthia Lummis", "Thom Tillis", "Ruben Gallego", "Fidelity