TD Cowen: 60% chance CLARITY Act procedural vote fails
- —TD Cowen gives a 60% chance cloture fails, 20% it passes with a Democratic amendment
- —Republicans hold 53 seats; 60 votes are needed to advance
- —TD Cowen puts the chance of the law passing before the elections at 5%
- —Lummis: if the vote fails, "it's over"
Why it matters: A failed vote would delay U.S. crypto market regulation and hit expectations for XRP, BTC and ETH.
Source: The Crypto Times