Crypto advocacy groups urged Senate leaders to bring the CLARITY Act to the floor before the August recess. The bill faces 60-vote threshold hurdles and remaining disputes over ethics and market structure provisions.
Goldman Sachs CEO David Solomon supports the US Senate's Digital Asset Market Clarity (CLARITY) Act, acknowledging it's "not perfect" but necessary for market stability. His stance contrasts with other financial leaders like Jamie Dimon and many Democrats, who raise concerns about investor protection and ethics provisions related to presidential crypto investments.
The White House agreed to ethics provisions in the Digital Asset Market Clarity (CLARITY) Act, potentially securing Democratic support for the crypto market structure bill in the Senate. The deal, reached with Republican Senators Lummis and Moreno, could impact former President Trump's crypto investments and comes as Bitcoin prices climb amid legislative talks.
Galaxy Digital reduces probability of Senate passing crypto bill (CLARITY Act) by 2026 to 60% from 75%, citing closing legislative window before August recess and unresolved provisions.
The US Senate is set to resume consideration of the CLARITY Act, a crypto market structure bill passed by the House. The bill, which aims to give more authority to the commodities regulator over digital assets, faces debate over stablecoins and ethics provisions, with a potential Senate vote by August.
JP Morgan CEO Jamie Dimon opposes the Clarity Act, criticizing Coinbase CEO Brian Armstrong for spending hundreds of millions to support it, particularly over stablecoin yield regulations.
A US Senate crypto market structure bill, crucial for regulatory clarity, faces an August deadline. Delays and potential midterm election shifts risk its passage, with experts suggesting a post-election lame-duck session as a possibility if Republicans retain Senate control.
The US Senate Banking Committee voted 15-9 to advance the Digital Asset Market Clarity Act (CLARITY), aiming to establish regulatory clarity for crypto markets, with Republicans and two Democrats supporting it amid concerns over consumer protection, innovation, and national security.
The Senate Banking Committee's CLARITY Act, aimed at regulating crypto markets, faces over 100 amendments ahead of markup, testing fragile compromises on stablecoins, banking, and crypto industry interests.
The Senate Banking Committee is set to markup the Clarity Act, a comprehensive crypto market structure bill, amidst intense lobbying from both the crypto industry and traditional financial institutions, particularly over stablecoin regulations.
The US Senate Banking Committee has filed over 100 amendments to a crypto market structure bill, with proposed changes related to stablecoins, software developers, and ethics.
Some lawmakers continue to push for ethics provision in the bill as bipartisan support is necessary for the CLARITY Act to pass a Senate floor vote.
After months of delays, the Senate Banking Committee has set a Thursday markup for the CLARITY Act, but it would still need some Democrats’ support to pass on the Senate floor.
After months of delays, the Senate Banking Committee has set a Thursday markup for the CLARITY Act, but it would still need some Democrats’ support to pass on the Senate floor.
The provisions in the crypto market structure bill are still under review by the banking and crypto lobbies as a new poll shows bipartisan voter support for the legislation.
The CLARITY Act’s next problem is whether Senate Republicans can keep the crypto market structure bill on schedule while a housing dispute and unresolved DeFi protections pull the markup into a narrower window. The act's markup has moved past the stablecoin yield standoff to Sen. John Kennedy's housing frustration, unresolved protections for software developers, and […] The post CLARITY Act risks slipping as housing fight stalls Senate crypto markup appeared first on CryptoSlate.
More than 120 entities associated with the crypto and blockchain industry signed onto a letter urging US Senators to move forward with a crypto market structure bill.
