US Senate Set for Key Crypto Regulatory Vote
The Senate is set for a September 15 cloture vote on the CLARITY Act, following the recent circulation of an updated draft that includes new CFTC registration rules for DeFi and expanded credit union powers. While XRP remains stable at $1.42, the bill faces continued resistance from Democrats who argue the text does not go far enough on regulatory conflicts of interest.
Senate Republicans have begun circulating a revised draft of the CLARITY Act ahead of the scheduled vote, introducing requirements for non-decentralized DeFi protocols to register with the CFTC and allowing federal credit unions to utilize digital assets. Per GN markets/crypto (en-US), the updated legislation remains non-bipartisan as Democrats continue to demand further amendments regarding ethics and stablecoin yields.
Source: GN markets/crypto (en-US)XRP holds steady at $1.42 as the Senate prepares for its September 15 cloture vote on the CLARITY Act, amid ongoing bipartisan debates over regulatory conflicts of interest.
Source: GN markets/crypto (en-US)
