CLARITY US act will take its main senator test on the 15th of September, when the legislators will vote to know whether this crypto market structure bill could be brought forward.
Tom Emmer - the House Minority Leader, the Whip to the House Majority - has exerted further pressure upon the Senate, stating that the lawmakers voted in favor of the House version with nearly 100 Democratic votes but the measure remains blocked in the Senate.
This legislation is supposed to set more certain rules for regulating digital assets and may help the whole crypto industry to find peace with uncertainty.
To pass this law the Senate must vote in favor of 60 votes only. Given that 53 Republicans are thought to back this bill, at least seven Democrats' support will also be required.
Now, the main question is just whether the law makers can get beyond their differences and get the bill passed.
For $XRP and the wider crypto market, September 15 could become an important date as investors watch whether the U.S. takes another major step toward clearer digital asset regulation.
#CLARITYAct
#xrp
Tom Emmer - the House Minority Leader, the Whip to the House Majority - has exerted further pressure upon the Senate, stating that the lawmakers voted in favor of the House version with nearly 100 Democratic votes but the measure remains blocked in the Senate.
This legislation is supposed to set more certain rules for regulating digital assets and may help the whole crypto industry to find peace with uncertainty.
To pass this law the Senate must vote in favor of 60 votes only. Given that 53 Republicans are thought to back this bill, at least seven Democrats' support will also be required.
Now, the main question is just whether the law makers can get beyond their differences and get the bill passed.
For $XRP and the wider crypto market, September 15 could become an important date as investors watch whether the U.S. takes another major step toward clearer digital asset regulation.
#CLARITYAct
#xrp