🚨 Is the CLARITY Act being postponed to September? Here are the latest developments
Act #CLARITYAct needs 60 votes to overcome the filibuster in the Senate, while the Republicans have only 53 seats—making Democratic support essential.
But negotiations stalled over ethics provisions tied to President Donald Trump’s investments in the cryptocurrency sector. This has led to a breakdown in talks and no procedural vote (Cloture) request being filed yet. With the August recess approaching, the chances of a vote this week are limited.
If the bill doesn’t pass before the recess, it is likely to return to debate after the Senate reconvenes in mid-September, which could mean delaying the regulatory clarity the crypto market has been waiting for. 👀
With the trigger everyone is waiting for to jolt the market awake from its months-long slumber—or the disappointment that would further fuel the negativity dominating the market—which is closer: passing the bill or delaying it?
Act #CLARITYAct needs 60 votes to overcome the filibuster in the Senate, while the Republicans have only 53 seats—making Democratic support essential.
But negotiations stalled over ethics provisions tied to President Donald Trump’s investments in the cryptocurrency sector. This has led to a breakdown in talks and no procedural vote (Cloture) request being filed yet. With the August recess approaching, the chances of a vote this week are limited.
If the bill doesn’t pass before the recess, it is likely to return to debate after the Senate reconvenes in mid-September, which could mean delaying the regulatory clarity the crypto market has been waiting for. 👀
With the trigger everyone is waiting for to jolt the market awake from its months-long slumber—or the disappointment that would further fuel the negativity dominating the market—which is closer: passing the bill or delaying it?
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