The CLARITY Act failed to advance in the U.S. Senate after a cloture motion was defeated 49-50. All Democrats and four Republicans voted against the measure, which aimed to establish a clear regulatory framework for digital assets by dividing oversight between the SEC and the CFTC. Senator Cynthia Lummis attributed the failure to partisan politics and opposition to President Trump rather than the bill’s actual contents. Market pricing now indicates a 5.8% probability of the act being signed into law by January 1, 2027, down from 7% a week ago. The current fragmented state of U.S. crypto market regulation remains unchanged as a result of this failure.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
