CLARITY Act Fails Senate Procedural Vote 49-50; Crypto Tax Bill Clears House Committee
- —Senate voted 49-50 against proceeding with the CLARITY Act on Sept. 15
- —House committee passed tax bill H.R. 10357 in a 38-5 vote
- —Disputes centered on ethics rules for the president's crypto business and stablecoin yield
- —Senate's active session runs Oct. 5 to Nov. 6; election day is Nov. 3
Why it matters: Without CLARITY Act, U.S. regulatory uncertainty persists, while crypto tax rules could shift as soon as the next Congress.
Source: TokenPost