CLARITY Act Vote Advances as Republicans Reject Offer
Republicans said the revised bill already reflects a year of talks, while Democrats sought tougher ethics and DeFi limits before the 60-vote test.
- Senate Republicans rejected a late Democratic counteroffer on Tuesday, keeping the Digital Asset Market Clarity Act on course for a 60-vote procedural test on H.R. 3633.
- Democrats presented the counterproposal on Monday night following a meeting in Senate Minority Leader Chuck Schumer's office, but negotiators remain deadlocked over ethics restrictions, DeFi protections, and tribal gaming laws.
- Katie Warbinton, a spokesperson for Republican Senator Cynthia Lummis, said Democrats "have not budged an inch," despite the bill already containing 126 substantive changes requested by Democrats.
- Republicans control 53 Senate seats, leaving party leaders dependent on seven Democrats to pass the motion before lawmakers depart Washington on Sep 17.
- The legislation aims to divide oversight between the Securities and Exchange Commission and the CFTC, though failure today leaves few chances to revive the bill before Nov elections.
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24 Articles
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USA TodayWhen is the Senate vote on the CLARITY Act? What to know about today's key vote
Republicans Reject Democratic Crypto Bill Counteroffer
“Senate Republicans on Tuesday signaled opposition to a Democratic counteroffer on a major cryptocurrency bill, raising the possibility that the legislation could fail on a key floor vote later Tuesday,” Politico reports.
CLARITY Act vote advances as Republicans reject offer
Senate Republicans have rejected a late Democratic counteroffer and kept the CLARITY Act on course for a 60-vote procedural test at 2:15 p.m. ET on Sep. 15. According to Katie Warbinton, a spokesperson for Republican Senator Cynthia Lummis, Democrats “have…
CLARITY Act Senate Vote: Crypto Regulation Bill Faces Opposition From States, Banks and Democrats
The revised Digital Asset Market Clarity Act has reached a decisive moment in Washington, but instead of producing a clean bipartisan compromise, the legislation is facing resistance from three powerful directions: state regulators, the banking industry and Democratic lawmakers concerned about presidential conflicts of interest. Senate Republicans have presented the latest version as a final […]
Domestic virtual asset-related stocks are plummeting across the board in early trading as the 'Clarity Act,' a bill to restructure the U.S. virtual asset market, failed to pass the Senate. According to the Korea Exchange on the 16th, as of 10:01 AM, Dozen is trading at 2,620 won, down 16.56% from the previous trading day. Hectofin Financial is trading at 18,770 won, down 14.68%, while Kakao Pay is recording 41,100 won, down 10.16%. Danal is dow…
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