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Clarity Act Faces Final Hurdles | Bitcoin and Crypto News
Description
Lawmakers race to pass a revamped Clarity Act next week, merging Senate Banking and Agriculture efforts to regulate crypto—but ethics remains the biggest hurdle, with Democrats demanding senior officials can’t hold crypto ties. With 60 votes needed and time slipping away, negotiators added 70+ pages to the bill, yet key gaps linger: federal preemption, SEC/CFTC staffing, and no Democratic nominees proposed. Still, one senator backs the bill’s developer protections, offering a sliver of optimism as both chambers face gridlock.
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