🚨 CLARITY Act Faces New Trouble Before Key Senate Vote
Senate Democrats remain unsatisfied with the latest Republican compromise on the CLARITY Act, arguing that the new crypto ethics provisions still do not go far enough.
Republicans say the latest draft includes more than 100 substantive changes requested by Democrats, including tougher conflict-of-interest rules for public officials.
But the vote math remains difficult:
🏛️ Senate procedural vote: Tuesday
✅ Votes needed: 60
🔴 Republicans: 53 seats
That means Republicans still need Democratic or independent support to move the bill forward.
Why it matters for crypto:
🪙 Clearer token classifications
🏛️ Clearer SEC vs. CFTC authority
📊 Federal rules for crypto markets
🔗 Major implications for DeFi and exchanges
Senator Cynthia Lummis, one of the bill’s main sponsors, said the latest proposal is essentially “as good as it’s going to get.”
⚠️ The next major catalyst is now the 60-vote Senate test on Tuesday.
#CLARITYAct #Crypto #BTC #XRP #SEC #CFTC
Senate Democrats remain unsatisfied with the latest Republican compromise on the CLARITY Act, arguing that the new crypto ethics provisions still do not go far enough.
Republicans say the latest draft includes more than 100 substantive changes requested by Democrats, including tougher conflict-of-interest rules for public officials.
But the vote math remains difficult:
🏛️ Senate procedural vote: Tuesday
✅ Votes needed: 60
🔴 Republicans: 53 seats
That means Republicans still need Democratic or independent support to move the bill forward.
Why it matters for crypto:
🪙 Clearer token classifications
🏛️ Clearer SEC vs. CFTC authority
📊 Federal rules for crypto markets
🔗 Major implications for DeFi and exchanges
Senator Cynthia Lummis, one of the bill’s main sponsors, said the latest proposal is essentially “as good as it’s going to get.”
⚠️ The next major catalyst is now the 60-vote Senate test on Tuesday.
#CLARITYAct #Crypto #BTC #XRP #SEC #CFTC
