New Delhi, Aug. 9 -- The Senate left Washington for its August recess Friday without passing the cryptocurrency regulation bill that the digital-asset industry has spent three years and roughly $225 million lobbying into existence. The vote that Majority Leader John Thune had pressed to schedule in July, and then again in late July, formally slipped to September as the same Democratic demands that blocked a floor vote before recess remained unanswered.

15 p.m. on September 15. The filing preserves the bill's procedural footing. It does not resolve any of the disputes that have prevented a vote since the bill cleared the Senate Banking Committee in May.

The Clarity Act, designated H.R. 3633, addresses one of the most consequential unansw...