Search results for Bill Hagerty
Crypto
U.S. Senate Clarity Act vote deadline nears as Republicans push back on Democratic demands
The U.S. Senate’s cryptocurrency regulation bill known as the Clarity Act has re-entered a voting phase ahead of a recess. Republican lawmakers have criticised Democrats for delaying action, while some Democratic senators say the bill’s wording needs further revision. Senators have two days to move to a vote before the break. Bill Hagerty said the United States should not fall behind in digital asset regulation.
Crypto
U.S. crypto policy exodus cuts odds of Clarity Act passage this year to 27 percent
Expectations for U.S. passage this year of the Clarity cryptocurrency market-structure bill have fallen sharply, with Polymarket putting the odds at 27 percent on July 29, CryptoSlate reported. Departures by key crypto policy figures in the Treasury, the White House, the SEC and the Senate have added to concerns. The bill has cleared the Senate Banking Committee but still faces a full Senate vote and hurdles including ethics provisions, banking opposition and election-year scheduling.
Crypto
U.S. Senate Banking panel clash grows ahead of CLARITY bill review
A dispute between U.S. banks and pro-cryptocurrency forces is intensifying ahead of the Senate Banking Committee’s review of the CLARITY bill. Senator Bernie Moreno said the banking industry is lobbying to block stablecoin earnings provisions and described it as panic. The American Bankers Association warned the wording could spur deposit outflows and pose risks to growth and financial stability. A proposed compromise would ban returns equivalent to deposit interest while allowing legitimate platform rewards.
