The U.S. Senate is voting today on the cloture of the Clarity Act, a procedural vote that determines whether the bill will be debated in the Senate rather than its final passage. The 53 Republican senators alone are not enough, as 8 to 10 Democratic votes are needed to reach the 60-vote threshold. John Deaton, Josh Hawley, and Rand Paul detail their respective positions within Congress. If Congress fails again, American digital asset companies will face direct consequences. Deaton emphasizes that the United States continues to regulate blockchain with legislation dating back to the 1930s.
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