Signs of life?: State of Crypto
Several sources told CoinDesk that a new draft of the Clarity Act may drop this week, but challenges remain....
Key takeaways
- 1New draft of Digital Asset Market Clarity Act expected this week combining Senate Banking and Agriculture Committee versions.
- 2Bill still lacks ethics provision and resolution on contentious issues, meaning it is not yet ready for a Senate vote.
- 3Senate Majority Leader John Thune signaled willingness for floor vote in July; midterm elections Nov 3 create time pressure for passage.
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Why it matters
The Clarity Act is critical U.S. crypto regulation legislation; its passage would establish clear market structure rules affecting Indian investors' access to regulated crypto services. Time is running out before 2026 midterms, and unresolved ethics provisions tied to Trump's crypto earnings may block bipartisan Democratic support needed for the 60-vote Senate threshold.
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