Galaxy Digital CEO Mike Novogratz says the Clarity Act still has a path forward despite months of setbacks. The key procedural vote in the Senate is scheduled for Tuesday, September 15. The roughly 630-page text contains changes dealing with decentralized finance, but several major disputes remain unresolved, including government ethics rules. The Senate Banking Committee advanced the legislation in May with a bipartisan 15-9 vote. If the Clarity Act fails, cryptocurrency users could be left without comprehensive federal protections, and another realistic opportunity to establish market structure rules might not come until 2030.
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