U.S. Senator Elizabeth Warren has called on Congress to block the Crypto Clarity Act, legislation aimed at establishing a federal regulatory framework for digital assets and clarifying jurisdiction between the CFTC and SEC. This opposition highlights the growing political challenges facing the bill despite its advancement through the Senate Banking Committee earlier this year. The Senate held a procedural vote on the bill today as obstacles persist on its path to passage. Market participants are now pricing in a reduced likelihood of the Act being signed into law.
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