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Crypto
U.S. Republicans and Democrats hold last-minute talks on CLARITY Act
The U.S. Congress has entered last-minute negotiations to advance the CLARITY Act, a digital asset market structure bill, ahead of the August recess. Senate Republican and Democratic aides held a series of meetings to narrow remaining differences. Talks focus on how to divide authority among federal regulators. Majority Leader John Thune allowed more time for negotiations. Senator Cynthia Lummis said she remains confident a vote is possible before recess, though opposition persists.
Crypto
CLARITY Act needs 60 Senate votes, odds of passage in 30 percent range amid late hurdles
The CLARITY Act, a key bill to restructure the U.S. cryptocurrency market, has entered last-minute talks ahead of Congress\' recess, but its chances of passing this year remain low. The Senate is trying to act before its August break, but the measure is not yet on the published floor schedule. Securing 60 votes is the biggest hurdle, with ethics rules, stablecoin rewards, AML and consumer protections also unresolved.
Crypto
U.S. Senate Republicans move CLARITY Act to floor, with 60 votes biggest hurdle
U.S. Senate Republicans are moving quickly to bring the cryptocurrency market structure bill known as the CLARITY Act to the Senate floor as early as this week, but securing the 60 votes needed for final passage remains the biggest obstacle. The next step hinges on whether Majority Leader John Thune will initiate cloture. Democrats have raised concerns about ethics rules and DeFi, while Republican unity is not assured.
