Senate negotiations over the CLARITY Act have hit a new snag after the White House and crypto advocates jointly rejected a prosecutors’ proposal on software developer protections. Chuck Schumer has submitted Democratic candidates for vacant seats at the SEC and the CFTC, easing one sticking point but leaving the broader fight over the bill unresolved. A bipartisan ethics counteroffer backed by Senators Gallego and Tillis is emerging as the next major test for a Senate deal on digital asset regulation.
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