Republicans reject Democrats' counteroffer on CLARITY Act
- —Republicans rejected the Democrats' counteroffer on the CLARITY Act
- —Lummis's side said Democrats made no concessions
- —Democrats demanded stronger ethics provisions in the bill
- —Disagreements remain ahead of the Senate vote
Why it matters: The collapse of the compromise lowers the odds of the CLARITY Act passing and heightens regulatory uncertainty for the U.S. crypto market.
Source: Bloomingbit