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Crypto
Pressure builds for Clarity Act Senate vote, but prediction markets see August deadline unlikely
The cryptocurrency industry has stepped up public pressure on the U.S. Senate to move the Clarity Act to a floor vote. More than 200 companies and groups urged Senate leaders to act without delay, arguing that a lack of federal rules pushes activity overseas. Opponents have also mobilised, citing weaknesses in anti-money laundering provisions, ethics rules and stablecoin-related gaps. Prediction markets and some institutional forecasts have lowered estimates for passage before August.
Crypto
TD Cowen says U.S. CLARITY Act still far from passage, could be delayed
The U.S. Senate will vote on the CLARITY Act on May 14, but investment bank TD Cowen said major political and stakeholder hurdles remain before it can become law. It said the vote is largely procedural and shifts debate to the full Senate. Disputes include stablecoin revenue allocation and conflict-of-interest provisions for senior officials and families. TD Cowen warned the effort could slip into 2027, with implementation possibly delayed until 2029.
Crypto
Five obstacles to U.S. CLARITY bill, from Trump controversy to stablecoin interest
The U.S. Congress’ cryptocurrency bill known as the CLARITY Act faces at least five hurdles beyond the question of interest on stablecoins, an analysis said. TD Cowen pointed to vacancies at the CFTC, efforts to fold prediction markets into the bill, controversy over a Trump family-linked crypto project, pressure to tighten AML and Bank Secrecy Act provisions, and the possible attachment of a credit card competition bill. Stablecoin interest remains unresolved.
