Senate Banking Committee Chairman Tim Scott announced on Fox News that the Crypto Clarity Act is expected to pass imminently, emphasizing Republican support for the legislation. The bill has advanced through the Senate Banking Committee and is now on the Senate calendar pending full Senate and House approval. Prediction markets currently price the odds of the Act being signed into law by the end of 2026 at just 15.5 percent. In Germany, a government proposal to end the one-year tax-free rule for Bitcoin has also surfaced, signaling potential major policy changes for crypto holders.
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