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Crypto

Pressure builds for Clarity Act Senate vote, but prediction markets see August deadline unlikely

The cryptocurrency industry has stepped up public pressure on the U.S. Senate to move the Clarity Act to a floor vote. More than 200 companies and groups urged Senate leaders to act without delay, arguing that a lack of federal rules pushes activity overseas. Opponents have also mobilised, citing weaknesses in anti-money laundering provisions, ethics rules and stablecoin-related gaps. Prediction markets and some institutional forecasts have lowered estimates for passage before August.

Crypto

Trump pro-crypto push prompts U.S. SEC, Ripple to call for CLARITY Act passage

U.S. securities regulators, Senate Republicans and Ripple Labs have issued support messages for the CLARITY Act, a crypto market structure bill, pressing for action in the full Senate. The statements followed President Donald Trump’s post pledging to make the United States the world’s crypto capital and criticising former SEC Chair Gary Gensler. SEC Chair Paul Atkins said the era of enforcement-driven regulation was over. The bill cleared the Senate Banking Committee 15-9.

Crypto

Progress on U.S. CLARITY Act but 60 votes in full Senate uncertain

The U.S. Senate Banking Committee approved the CLARITY crypto market structure bill by 15 to 9, with two Democrats joining Republicans. Support in the full Senate remains uncertain as those Democrats set conditions tied to ethics language. U.S. banking groups also urged changes to stablecoin provisions, warning of regulatory loopholes. The bill must be reconciled with another Senate version and needs at least 60 votes in the full chamber.