# US Senate Related Articles

HTX News Center provides the latest articles and in-depth analysis on "US Senate", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Charles Hoskinson presents his version of the CLARITY Act's failure

Charles Hoskinson, founder of Cardano, has offered his analysis for the failure of the CLARITY Act in the U.S. Senate. He argues that the bill's attempt to consolidate too many regulations into a single document placed excessive strain on the U.S. Commodity Futures Trading Commission (CFTC) and risked negatively impacting the American decentralized finance (DeFi) market. Hoskinson claims he had identified these problems over a year ago, citing his experience with U.S. legislators. He pointed to the bill's authors' failure to build a sufficiently broad coalition of supporters in advance. Another critical error, in his view, was insufficient study of foreign regulatory frameworks, such as the EU's Markets in Crypto-Assets (MiCA) regulation and the Abu Dhabi Global Market (ADGM) rules. Instead of a single, comprehensive act, Hoskinson proposes a modular approach, treating regulations for stablecoins, digital securities, crypto commodities, custody, taxation, and DeFi as separate legislative blocks. This, he believes, would simplify finding compromises on each issue. He also calls for clearer definitions of digital securities and a review of how existing securities laws apply to new asset classes. Hoskinson concludes that the bill's failure is preferable to passing flawed legislation that would later require correction. The CLARITY Act, supported by former President Donald Trump, failed a procedural vote in the Senate on September 15, receiving 49 votes in favor and 50 against, short of the 60 needed to advance.

cryptonews.ru09/18 11:41

Charles Hoskinson presents his version of the CLARITY Act's failure

cryptonews.ru09/18 11:41

Media: US Senators to Consider Two Cryptocurrency Taxation Bills

On September 16th, the U.S. House Ways and Means Committee is scheduled to consider two tax-related cryptocurrency bills. The first, H.R. 9175 (Tax Clarity for Mining and Staking Act), would offer crypto miners and stakers a choice: recognize newly earned tokens as ordinary income at the time of receipt, or defer taxation until those assets are sold. The second bill, H.R. 9172 (Applying Existing Tax Anti-Abuse Rules to Digital Assets Act), aims to close a tax loophole by extending traditional "wash sale" rules to digital assets. This would prevent traders from claiming tax deductions for losses on sales if they repurchase a substantially identical asset shortly after. The U.S. Treasury estimates this change could generate approximately $23.5 billion in revenue over ten years.

cryptonews.ru09/14 12:16

Media: US Senators to Consider Two Cryptocurrency Taxation Bills

cryptonews.ru09/14 12:16

Bad News for the Clarity Act, the Cryptocurrency Law Everyone in the US Was Waiting For! Here are the Details

The CLARITY Act, a much-anticipated bill to create a regulatory framework for cryptocurrencies in the US, faces a new obstacle ahead of a key Senate vote next week. Two Republican senators have stated that passing the bill in its current form before the vote is unlikely. They warned that if disagreements between the White House and Congress, particularly over ethics provisions related to the president and his family, are not resolved, the bill could fail during the procedural vote expected on September 15th. While a White House representative affirmed President Trump's commitment to getting the bill passed to protect US competitiveness in digital assets, Democratic sources indicate little progress on their key demand for strong ethics rules. The upcoming vote requires at least 60 votes to advance. Its failure could significantly delay comprehensive federal crypto regulation in the US, making the outcome critical for the direction of the country's crypto market oversight.

cryptonews.ru09/08 16:01

Bad News for the Clarity Act, the Cryptocurrency Law Everyone in the US Was Waiting For! Here are the Details

cryptonews.ru09/08 16:01

US Senate reminds of unresolved conflict of interest of Trump in crypto

A US senator has highlighted an unresolved conflict of interest concerning former President Donald Trump's cryptocurrency dealings as a remaining obstacle to passing the key market bill, the CLARITY Act. Senator Ruben Gallego, a key negotiator, stated that multiple ethics provision proposals were sent to Trump without effective response. At a White House event on August 19th, Trump urged Congress to pass the bill, after which Bitcoin's price rose to $70,000. Concerns center on Trump's expanding crypto interests, including the TRUMP memecoin and his family's World Liberty Financial project, with reports showing nearly $1.5 billion in crypto earnings. Although Trump agreed in July to a ban on federal officials issuing or funding crypto assets, Democrats criticized its enforcement mechanism. A key procedural Senate vote is scheduled for September 15th, requiring 60 votes. Gallego stated that passing "smart ethics legislation" and resolving issues like stablecoin yield regulation and anti-illegal activity measures are necessary for the bill's advancement.

cryptonews.ru08/20 09:36

US Senate reminds of unresolved conflict of interest of Trump in crypto

cryptonews.ru08/20 09:36

Uncertainty in Cryptocurrency Regulation Persists in the U.S.: SEC Cancels Today's Meeting at the Last Minute! Here Are the Details

The U.S. Securities and Exchange Commission (SEC) has abruptly canceled a public meeting scheduled for August 14th to discuss a long-awaited proposal on "Crypto-Asset Regulation." According to the agenda, the meeting was intended to consider rules for structuring initial public offerings (IPOs) for certain crypto asset investment contracts. The agency cited an unforeseen scheduling conflict as the reason for the last-minute cancellation and has not yet set a new date. This development occurs amidst ongoing regulatory uncertainty in the U.S. crypto sector, coinciding with the Senate's postponement of discussions on the comprehensive "Clarity Act" until after its August recess.

cryptonews.ru08/14 11:27

Uncertainty in Cryptocurrency Regulation Persists in the U.S.: SEC Cancels Today's Meeting at the Last Minute! Here Are the Details

cryptonews.ru08/14 11:27

CFTC together with SEC to study cryptocurrency regulation without CLARITY Act

The U.S. Commodity Futures Trading Commission (CFTC) announced a meeting of its advisory committee on August 20 to discuss crypto asset regulation, artificial intelligence, and prediction markets. The meeting will explore possible regulatory approaches for cryptocurrencies in the absence of Congressional action, likely referring to the failure of the U.S. Senate to advance the Digital Asset Market Structure Clarity Act (CLARITY) before its August recess. The announcement follows a similar notice from the SEC, which stated it would discuss a special regulatory regime for certain crypto asset investment contracts and would work within its authority to regulate crypto while also supporting Congressional efforts. Currently, Michael S. Gelber serves as the only Senate-confirmed CFTC commissioner and the agency's chairman, with no indication from President Donald Trump of plans to nominate additional commissioners, a situation that has drawn concern from lawmakers.

cryptonews.ru08/13 19:48

CFTC together with SEC to study cryptocurrency regulation without CLARITY Act

cryptonews.ru08/13 19:48

Former US Defense Secretary Calls CLARITY Act a National Security Bill

Former U.S. Defense Secretary Mark Esper called for the Senate to pass the CLARITY Act, framing it as a national security bill. In a Financial Times op-ed, Esper argued weak digital asset regulation creates openings for China and North Korea to undermine U.S. financial influence. He stated China is investing in state payment systems to bypass U.S. oversight and weaken the dollar's central role. Esper, a Coinbase advisory council member, warned that North Korean groups like Lazarus exploit crypto loopholes to evade financial controls. The CLARITY Act would enhance Treasury Department powers, including those under the Patriot Act, to target malicious actors. The Senate is scheduled to vote on the bill on September 15. Esper urged swift passage, stating the legislation is critical for national security.

cryptonews.ru08/10 11:02

Former US Defense Secretary Calls CLARITY Act a National Security Bill

cryptonews.ru08/10 11:02

Vote on CLARITY Act in US Senate Scheduled for September 15

The U.S. Senate is scheduled to hold a key procedural cloture vote on the Digital Asset Market Clarity Act (CLARITY Act) on September 15. The motion was filed by Senate Majority Leader John Thune, aiming to advance the bill for floor consideration after lawmakers failed to reach an agreement before the August recess. The vote requires 60 votes to proceed, meaning Republican support from Democrats is necessary. The landmark crypto regulatory bill aims to establish a federal market structure for digital assets, clarify whether crypto assets qualify as securities or commodities, and delineate regulatory authority between the SEC and CFTC. However, negotiations have been stalled by disagreements over proposed ethics provisions, which would restrict government officials and their families from profiting from digital assets while in office, and rules governing stablecoin yields. To break the impasse, lawmakers are reportedly working on a bipartisan ethics amendment, partly addressing Democratic concerns about former President Trump's crypto-related financial interests. The outcome of the September 15 vote and the ability to resolve disputes over ethics and stablecoin rules before then will determine the bill's future. Passage would significantly shape U.S. digital asset regulation for years to come, though aligning SEC and CFTC operational standards post-enactment is expected to be a lengthy process.

cryptonews.ru08/08 16:05

Vote on CLARITY Act in US Senate Scheduled for September 15

cryptonews.ru08/08 16:05

Michael Saylor, known for his bold statements, emphasized: 'Bitcoin doesn't need this!'

U.S. Senate Delays Crypto Clarity Act Vote to September, Prompting Reaction from Michael Saylor The U.S. Senate has postponed the vote on the CLARITY Act, a bill aimed at regulating the cryptocurrency market, until September. Following this delay, Michael Saylor, a prominent Bitcoin advocate and founder of MicroStrategy, shared his perspective. Saylor stated via X that "Bitcoin does not need clarity. America needs clarity." He argues that Bitcoin, as the market leader, does not require specific rules for its success. However, Saylor expressed support for the bill, emphasizing the need for bipartisan cooperation to establish clear, long-term rules for the wider crypto market. Such regulations would aim to protect property rights, encourage innovation, and strengthen U.S. capital markets. The CLARITY Act seeks to define clearer regulatory boundaries between the SEC and CFTC and establish a comprehensive framework for the cryptocurrency industry.

cryptonews.ru08/07 13:46

Michael Saylor, known for his bold statements, emphasized: 'Bitcoin doesn't need this!'

cryptonews.ru08/07 13:46

US Delays Passage of Cryptocurrency Market Bill CLARITY Act Until Autumn

The US Senate has delayed voting on the CLARITY Act, a major cryptocurrency market regulation bill, until after lawmakers return from their summer recess in September. Senate Majority Leader John Thune confirmed the postponement, attributing it to Democratic opposition due to the bill's potential political implications ahead of the November elections. The bill, supported by former President Donald Trump, has faced obstacles including opposition from banking lobbyists to stablecoins and controversy over Trump's own crypto ventures. Proposed amendments may now prohibit government officials and their spouses from issuing or sponsoring digital assets. Bitcoin's price showed little reaction to the delay. While the CLARITY Act is viewed as potentially highly favorable for the crypto industry, its odds of passage this year have plummeted from over 80% in February to just 14% according to prediction markets. Analysts suggest the market will continue evolving regardless, and the SEC could still implement crypto-friendly rules independently.

cryptonews.ru08/07 09:06

US Delays Passage of Cryptocurrency Market Bill CLARITY Act Until Autumn