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Search results for H.R. 3633

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

U.S. banks face pressure to curb stablecoin returns; a16z says it could backfire

Opposition by U.S. banks to the CLARITY bill could weaken their own position, a16z crypto policy head and general counsel Miles Jennings said. He argued that the GENIUS Act is already in force and has accelerated on-chain dollar movement, with other real-world assets likely to follow regardless of CLARITY. If CLARITY fails, he said, stablecoin deposit yield structures banks oppose would remain. Banking groups have urged stricter bans on interest-like rewards for holding stablecoins.

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.