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‘Disappointing’ — crypto advocates react to delay in CLARITY vote

The Digital Asset Market Clarity (CLARITY) Act's Senate cloture vote has been delayed until September, disappointing crypto industry advocates who see the postponement as reducing the bill's chances of passing before the 2026 midterm elections. The Senate's inaction before its recess frustrated supporters like Senator Cynthia Lummis. While figures such as Coinbase's CEO remain hopeful for September, banking critics argue the bill creates unfair advantages. Despite the setback, prediction markets still show some users betting on the legislation passing this year, though it would require further votes in the House and the President's signature to become law.

cointelegraphHace 5 hora(s)

‘Disappointing’ — crypto advocates react to delay in CLARITY vote

cointelegraphHace 5 hora(s)

After Long Anticipation, a Major Event Related to the Clarity Act Has Occurred! It Affects All Cryptocurrencies

After a lengthy delay, the U.S. Senate is moving forward with the "Clarity Act," a comprehensive cryptocurrency market regulation bill. Senate Majority Leader John Thune has filed a cloture motion to end debate, setting up a key procedural vote scheduled for September 15, following the August congressional recess. Passing this cloture motion, which requires 60 votes, would not automatically pass the bill but would limit further debate and allow it to advance on the Senate's agenda. Given the Republicans' 53 seats, at least 7 Democratic or Independent senators must also support it. The Clarity Act aims to clarify the U.S. regulatory framework for crypto, defining which agencies oversee digital assets. However, negotiations on the final bill text continue, with disagreements persisting over ethics provisions, anti-money laundering rules, and incorporating elements from the Senate Agriculture Committee. This procedural step signals Republican leadership's intent to prioritize the Clarity Act in the Senate's September agenda.

cryptonews.ruAyer 07:36

After Long Anticipation, a Major Event Related to the Clarity Act Has Occurred! It Affects All Cryptocurrencies

cryptonews.ruAyer 07:36

Senate Introduces Motion to End Debate on Clarity Act

Senate Majority Leader John Thune has filed a cloture motion on the Clarity Act (HR 3633), a bill to establish a federal regulatory framework for digital assets. This procedural step sets the stage for a Senate vote on the cryptocurrency market structure bill when the chamber reconvenes after its August recess. The move follows earlier indications from Thune's office of his intent to file cloture before the break, signaling the Republican leadership's prioritization of the bill. However, several contentious issues remain unresolved and require further negotiation before a final vote. A key point of debate is the bill's treatment of stablecoin yields, which has resurfaced following recent Wall Street Journal reports and bank lobbying efforts. Sources indicate banks have gained traction in persuading Republican members to seek changes to the language. Bipartisan negotiations on ethics provisions are also ongoing. The White House has yet to comment on the proposal. The Clarity Act aims to provide clearer regulations for crypto exchanges and define regulatory obligations for digital assets. While the cloture filing is seen as a positive step, securing enough votes for passage in September will depend on resolving these outstanding disputes.

cryptonews.ruHace 2 días 15:09

Senate Introduces Motion to End Debate on Clarity Act

cryptonews.ruHace 2 días 15:09

Thune Delays Vote on CLARITY Act to September Due to Senate Deadlock

U.S. Senate Majority Leader John Thune has delayed a critical cloture vote on the bipartisan "CLARITY Act" (The Crypto-Asset Reporting Transparency and Investor Yield Act) until September, citing an unresolved stalemate with Democrats. The postponement comes despite significant industry pressure for a vote this week before the August recess. Thune blamed Democrats for insisting on further negotiations, particularly concerning ethics provisions. A key sticking point is an amendment proposed by Senators Tillis and Gallego that would require the President and federal officials to divest from digital asset holdings exceeding $1 million or 10% of a company's value—a measure seen as directly targeting former President Trump's crypto ventures. Discussions also involve the role of state attorneys general and concerns over politically motivated enforcement. While Thune had aimed to complete work on the bill before the break, securing the necessary 60 votes for cloture appears unlikely. Some Republicans, including Senators Moran and Hawley, have also stated they will vote against the bill unless amendments addressing banking sector concerns are incorporated. The legislation will return to the Senate's agenda when it reconvenes in September.

cryptonews.ru08/07 13:48

Thune Delays Vote on CLARITY Act to September Due to Senate Deadlock