Crypto in the US will still be in a good spot. Here’s why:
1. The SEC and CFTC are already working to bring clear rules for crypto.
2. President Trump supports crypto and agreed to the bill’s ethics rules, and wants to make the US the global leader in crypto.
3. Stablecoins already have federal rules under the GENIUS Act.
The biggest financial regulators in the U.S. are backing crypto. US Treasury Secretary Scott Bessent, SEC Chair Paul Atkins, and CFTC Chair Michael Selig have all openly pushed the Senate to pass this bill.
A few years ago, this would have sounded impossible.
The previous administration used to target crypto companies with endless lawsuits, pushing businesses and builders out of the country.
At least that dark age is over, we now have a government and president that support crypto and that's a big WIN too.
🇺🇸 LATEST: Senate Democrats have delivered a counterproposal on the refined CLARITY Act text overnight.
The details remain private, but negotiations are still alive just HOURS before today’s 17:15 UTC cloture vote.
White House crypto adviser Patrick Witt says he feels “VERY GOOD” ahead of the vote as the White House makes its final push to secure the 60 votes needed to advance the bill.