Key Highlights The Clarity Act, a leading legislative effort to establish a comprehensive U.S. cryptocurrency market framework, failed a procedural Senate vote this week. The CFTC submitted a new regulatory proposal to the White House Office of Management and Budget on September 17, now under interagency review by OIRA. CFTC Chair Michael Selig directed staff ...
Crypto traders holding long, or bullish, futures positions suffered significant losses over the past 24 hours following the failure of the Clarity Act in a Senate procedural vote. Liquidation Data Reveals Heavy Long-Side Damage Exchanges liquidated approximately $571 million in long positions during this period, marking the highest total since August 22, according to data ...
The CLARITY Act is heading toward a critical Senate vote with no clear coalition capable of delivering the 60 votes needed for enactment. Expectations for the landmark crypto market‑structure bill deteriorated sharply Tuesday, with Polymarket odds of enactment falling below 20% after reaching about 34% during the previous 24 hours. CLARITY Act Faces Critical Senate ...
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 ...