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Crypto

U.S. Senate crypto CLARITY bill wobbles; odds of passage this year fall to 16 percent

Expectations that the U.S. CLARITY bill setting a crypto market oversight framework will pass this year have faded again. Cointelegraph reported that Polymarket put the chances of enactment this year at 16 percent. Optimism briefly rose after Republicans proposed amendments strengthening ethics provisions, but retreated as Democratic opposition grew. Democrats are pressing for tougher, effective ethics rules, while Republicans need 60 Senate votes to advance the bill.

Crypto

CLARITY Act under pressure as Warren, state attorneys general and banks step up opposition

The U.S. Senate\'s CLARITY Act, a cryptocurrency regulatory bill, is facing a critical test ahead of a procedural vote. Staff for Senator Elizabeth Warren are opposing an ethics compromise in the latest amendment and questioning whether new enforcement powers for state attorneys general are meaningful. A bipartisan group of 18 state attorneys general urged Congress to block the bill, while eight banking industry groups criticized a new “circuit breaker” clause. Some crypto advocates also objected to reduced protections.

Crypto

U.S. bank groups seek to tighten Clarity Act stablecoin rewards limits

Concerns are rising in both the banking sector and the crypto industry over the final version of the Clarity Act ahead of a U.S. Senate procedural vote. Eight U.S. banking groups asked Senate leaders to strengthen limits on stablecoin rewards, warning the revised bill could allow payments similar to deposit interest. Crypto industry figures also criticized the amendment for omitting protection from federal criminal prosecution for certain developers. The Senate plans a procedural vote on Sept. 16, requiring 60 votes to advance.