Trump finally relented on the issue of conflicts of interest, accepting roughly 80% of the moral provisions. The revised CLARITY Act also adopted more than 120 changes proposed by Democrats. The bill, which had been on the verge of falling apart, is now being kept on track for passage.
On Tuesday, it cleared the Senate’s first hurdle with 60 votes. Passing this step doesn’t mean the bill is already enacted, but it does indicate that the most critical procedural threshold has been cleared. Since many key provisions were negotiated in advance, the final Senate vote, House confirmation, and Trump’s signature are expected to be completed faster. Once the CLARITY Act is passed, it is sure to give long-floundering crypto markets a way out of a tight spot.
On Tuesday, it cleared the Senate’s first hurdle with 60 votes. Passing this step doesn’t mean the bill is already enacted, but it does indicate that the most critical procedural threshold has been cleared. Since many key provisions were negotiated in advance, the final Senate vote, House confirmation, and Trump’s signature are expected to be completed faster. Once the CLARITY Act is passed, it is sure to give long-floundering crypto markets a way out of a tight spot.