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CLARITY Act faces Senate deadline: Can it pass before recess?

The CLARITY Act, landmark legislation aimed at ending "regulation by enforcement" for U.S. crypto firms, faces a critical Senate deadline. The Senate Banking Committee has a key bipartisan meeting scheduled for January 6th to resolve disputes over DeFi regulation and the division of authority between the SEC and CFTC. With the Martin Luther King Jr. Day recess approaching, lawmakers have less than two weeks to reach a deal. Committee Chair Tim Scott has warned that if the deadlock continues, he may push the bill without Democratic support. Prediction markets indicate a 69% chance the act is signed into law by May. Its passage could catalyze institutional investment and end the regulatory winter, while failure risks prolonging market uncertainty.

ambcrypto01/06 11:01