$BTC The Senate blocks the CLARITY Act and prolongs regulatory uncertainty in the U.S.! The eagerly awaited Digital Assets Market Clarity Act was stalled after failing a procedural vote in the Senate, with 49 votes in favor and 50 against—far from the 60 needed to open formal debate on the floor.
Although it is not a definitive repeal, the blockade cuts its chances to move forward to a minimum before the midterm elections. Behind this hold-up, months of bipartisan disagreements piled up over ethical provisions, platform oversight, and the long-standing jurisdictional conflict between the SEC and the CFTC over defining which assets qualify as securities or as commodities.
For the industry, the outcome is straightforward: the United States will continue operating under fragmented, enforcement-based supervision, prolonging the lack of clear rules for both projects and institutional capital seeking certainty to enter the ecosystem.
Do you think this regulatory stalemate in the U.S. will end up accelerating the flight of projects to regions with clear regulations such as Europe or Asia?
Although it is not a definitive repeal, the blockade cuts its chances to move forward to a minimum before the midterm elections. Behind this hold-up, months of bipartisan disagreements piled up over ethical provisions, platform oversight, and the long-standing jurisdictional conflict between the SEC and the CFTC over defining which assets qualify as securities or as commodities.
For the industry, the outcome is straightforward: the United States will continue operating under fragmented, enforcement-based supervision, prolonging the lack of clear rules for both projects and institutional capital seeking certainty to enter the ecosystem.
Do you think this regulatory stalemate in the U.S. will end up accelerating the flight of projects to regions with clear regulations such as Europe or Asia?