The CLARITY Act, one of the most significant pieces of cryptocurrency legislation in the United States, is at risk of failing next week as Republican senators warn the bill lacks sufficient support to advance. The main obstacle remains the Democratic demand for stronger ethics language, a compromise on which has yet to be reached. The timeline has shrunk considerably, with House Republicans shortening the September legislative session, leaving only a 15% chance of the bill becoming law this year. Senator Cynthia Lummis, a leading crypto advocate in the Senate, holds Democrats responsible for any potential failure and warns that without a compromise this year, no comprehensive crypto regulation will emerge before 2030.
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