Key Highlights: The defeat of the Clarity Act stalls long-sought comprehensive regulatory oversight for the cryptocurrency market after years of failed legislative attempts dating back to the Token Taxonomy Act of 2018. Legislative progress faces a critical reset ahead of the incoming Congress due to the retirements of key architects, including digital asset subcommittee chair ...
Key Highlights Senator Cynthia Lummis blamed Senate Democrats for blocking a procedural vote on bipartisan crypto market structure legislation last week, calling the outcome “dismayed, dumbfounded and saddened.” Speaking at CoinDesk’s Policy & Regulation event, Lummis alleged Democrats prioritized opposition to President Donald Trump over passing the bill, which had grown from 300 to over ...
Connor Brown, Executive Director of the Bitcoin Policy Institute and former Senate staffer, outlined the stakes as the Senate prepares for a cloture vote today on the CLARITY Act. With Republicans holding 53 seats and two potentially absent, the measure requires 7 to 9 Democrats to cross the aisle to reach the 60-vote threshold. This ...
Senate Democrats Convene Emergency Caucus on Crypto Clarity Act Ahead of Critical Tuesday Vote Senate Democrats are holding a last-minute caucus meeting Sunday evening to discuss the Clarity Act, a landmark cryptocurrency market structure bill, ahead of a crucial procedural vote scheduled for Tuesday. Senate Majority Leader Chuck Schumer convened the session as lawmakers continue ...
Senator Lummis Defends CLARITY Act Amid Ethics Debate, Warns of Democratic Opposition Senator Cynthia Lummis insists the CLARITY Act will not fail over ethics concerns, but warns the bipartisan digital asset legislation could collapse if Democrats refuse to support what she describes as a consumer protection framework. The Wyoming Republican frames the upcoming Senate vote ...