Senate Votes on Crypto Clarity Act
The US Senate is set to hold a critical test vote on the Clarity Act on Tuesday, with Majority Leader John Thune needing seven Democratic votes to overcome a filibuster. While recent updates include a bipartisan ethics framework, the bill faces ongoing opposition from banking trade groups and skeptical Democrats over stablecoin regulations and consumer protections.
According to GN markets/crypto (en-US), Majority Leader John Thune has scheduled a do-or-die procedural vote for Tuesday, requiring at least seven Democrats to support advancing the bill. The latest draft now incorporates an ethics framework negotiated by Senators Tillis and Gallego, though banking groups continue to push back on stablecoin reward provisions.
Source: Briefs FinanceThe US Senate votes on a key procedural step for the Clarity Act, requiring 60 votes to advance crypto regulation.
Source: UA.NEWS
