The U.S. Senate failed to advance the Digital Asset Market Clarity Act on Tuesday, rejecting a procedural motion to begin debate on the legislation by a narrow 49-50 vote. The measure, formally known as H.R. 3633, required 60 votes to overcome a filibuster and fell 11 votes short of the threshold needed to proceed. Party ...
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 ...
President Donald Trump convened advisers on Friday, September 11, to negotiate the ethics language holding up the Digital Asset Market Clarity Act, four days before a pivotal Senate cloture vote that requires 60 votes to advance the legislation. Politico first reported the closed-door session, citing two people familiar with the talks. Neither the White House ...
Ripple CLO Urges Senators to Hear From 67 Million Crypto Holders Before CLARITY Act Vote Ripple Chief Legal Officer Stuart Alderoty has called on undecided and opposing senators to meet with American cryptocurrency holders before a critical procedural vote on the CLARITY Act scheduled for September 15. In a public post, Alderoty said he contacted ...
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 ...