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U.S. Senate Sets September Vote on Crypto Clarity Act, Aiming to Resolve Key Disputes
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U.S. Senate Sets September Vote on Crypto Clarity Act, Aiming to Resolve Key Disputes

The U.S. Senate has initiated a procedural vote for the Clarity Act, aiming to establish a legal framework for cryptocurrency, with a key vote scheduled for September 15. The bill seeks to clarify jurisdiction between the SEC and CFTC, potentially boosting crypto market confidence. However, it faces hurdles, including Democratic reluctance and unresolved disputes over illicit finance protections, stablecoin yields, and President Trump's crypto holdings, with only a narrow window before midterm elections.

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