Crypto’s Clarity Act is a Schrödinger’s cat in life-death limbo as U.S. Senate returns
The crypto industry eagerly awaits a September 15 vote, though it might not happen. Or maybe it will. Or it might get delayed or reappear in some other form.
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Clarity Act
The crypto industry eagerly awaits a September 15 vote, though it might not happen. Or maybe it will. Or it might get delayed or reappear in some other form.
Polymarket bettors have cut the odds of the CLARITY Act passing this year to a record low as Senate negotiations over ethics provisions remain unresolved.
After a long stretch without breakthroughs in the crypto market structure bill, insiders say a new draft may emerge in a final push for late-July action — though it still lacks bipartisan buy-in.
All parties are still optimistic that Clarity can happen before the midterms, but time is really starting to run out.
The bank says Congress should pair regulatory clarity with safeguards as Senate negotiates the Clarity Act.
Officials from the White House are said to be sitting down with law enforcement representatives who have objected to illicit-finance portions of the bill.
Despite the Clarity Act’s advancement toward the finish line, there’s one provision under threat for builders that can’t be overlooked, argues Smith.
The most consequential crypto legislation in the world is moving forward in the U.S. Senate. As written, it leaves the United States exposed to money laundering, sanctions evasion, and conflicts of interest at the highest levels of government, argues Greytak.
The Maryland Democrat says bipartisan crypto legislation is close, but ethics and illicit finance concerns remain unresolved.
The industry has been trying to make a case this week the Clarity Act provides law enforcement strong tools to combat illicit finance involving cryptocurrency.