| Mobile Web

Search results for Fairshake

Crypto

U.S. Senate rejects Clarity bill, bitcoin falls 3 percent

The U.S. Senate blocked the Clarity bill from advancing to debate, dealing a blow to the crypto industry’s push for comprehensive market-structure legislation. In a procedural vote on Sept. 15, the measure drew 50 votes in favour and 49 against, short of the 60 needed. Bitcoin fell 3 percent, while Coinbase and Circle shares dropped 8 percent and 10 percent. The bill would set a regulatory framework and split oversight between the SEC and CFTC.

Crypto

U.S. Clarity Act may be last real chance this year; failure could push it to 2030

The U.S. Senate is moving to take up the Clarity Act, a cryptocurrency market-structure bill, but analysts warn failure to pass it this year could increase the chances it is redesigned in the new Congress in 2027 or effectively scrapped. A cloture vote is set for Sept. 15 and will require 60 votes, including some Democratic support. Lawmakers face a shrinking legislative calendar and uncertainty over control after November midterm elections.

Crypto

84 percent of U.S. Democratic voters view crypto less favorably than oil firms, poll shows, complicating CLARITY Act vote

Strong negative views of the cryptocurrency industry among Democratic supporters are adding pressure on efforts to advance the CLARITY Act, a crypto regulation bill facing a procedural vote this week. A poll by Nornington Petts found 84 percent of Democratic primary voters were unfriendly toward candidates backed by the crypto industry. Industry figures stress bipartisan progress, but some Democratic senators say the Republican draft falls short, and prediction markets assign modest odds of final passage.