📰 The CLARITY Act has stalled in the U.S. Senate. Ending debate and the procedural voting motion ultimately passed with 49 in favor and 50 against—missing the 60 votes needed to advance the bill by a full 11 votes. It didn’t even secure a simple majority, and the odds of passage before year-end have been pushed down to single digits.

🔥 This time it’s not just Democrats and independent lawmakers opposing it en masse—four Republican lawmakers also voted “no.” Disputes over the stablecoin provisions, concerns about bank deposit outflows, and moral constraints targeting Trump all proved impossible to reconcile.

The bill hasn’t been completely dead yet. Republican Sen. Tillis has already introduced a motion to reconsider, leaving the door open for a subsequent revote. The White House Council of Economic Advisers is also preparing to roll out tools and data to rebut the claim that “stablecoins will siphon away community bank deposits.”

💡 Coinbase CEO’s stance is even more direct: the industry can’t keep waiting on Congress. The SEC and CFTC already have the tools to set clear rules. Honestly, whether the bill can pass slowly at all becomes less important than a more realistic question—will regulators take action themselves first?

🤔 If there’s another vote later, do you think the Republicans can win back those four “no” votes, or is the CLARITY Act basically a non-starter this year?

#CLARITY法案 #加密监管 #稳定币 #Coinbase