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Crypto

U.S. Clarity Act vote slips to September, White House crypto adviser blames Democrats

The U.S. Senate’s Clarity Act has again become a political flashpoint ahead of a September voting deadline. White House crypto adviser Patrick Witt criticised Senate Democrats, saying they blocked a procedural vote before the August recess and sought to extend the deadline. Republican Senate leader John Thune filed a motion to set up a key procedural vote after the recess. The bill aims to define SEC and CFTC jurisdiction and create rules for digital asset issuance and sales.

Crypto

White House says U.S. Clarity bill at risk of stalling on Sept. 15 without seven Democratic votes

The White House has stepped up pressure on Democrats ahead of a U.S. Senate procedural vote on the Clarity bill, a crypto market-structure measure. It said negotiations have progressed far enough that failure to reach a conclusion by Sept. 15 would make further progress difficult. Republicans are expected to supply 53 votes for ending debate, meaning at least seven Democrats would need to support cloture to move the bill to formal consideration.

Crypto

Clarity Act drifts as bitcoin braces for \'August curse\'

The U.S. CLARITY Act, a digital asset market structure bill, is headed to a Senate floor vote as lawmakers and the industry watch ahead of the Aug. 7 deadline. Forecast odds of passage have fallen on disagreements over stablecoin interest and ethics provisions. JPMorgan and Bernstein warned of downside risks if the bill stalls, while Coinbase sees better chances. In South Korea, stock-market losses coincided with a surge in won-to-tether trading.