Coinbase policy chief Faryar Shirzad said he remains cautiously optimistic that the CLARITY Act can clear a critical Senate procedural vote scheduled for September 15. This cloture vote requires 60 votes, and since Coinbase is not counting on all 53 Republican senators to back the bill, Democratic votes will be essential. The main obstacle lies in ethics provisions tied to President Trump’s crypto holdings, as Trump reported more than $1.4 billion in income from his family crypto ventures last year. Prediction markets are pricing in a low probability for major crypto legislation passing this year.
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