Trump holds closed-door meeting on disputed CLARITY Act clause ahead of Sept 15 vote
- —The disputed clause bars the president, vice president and spouses from issuing and promoting crypto assets, but not their children
- —Eric Trump and Donald Trump Jr. run World Liberty Financial, whose USD1 stablecoin received a banking license in August
- —Cloture requires 60 votes; Republicans hold 53, so support from at least 7 Democrats is needed
- —Polymarket raised the probability of the law passing from 16% to 23%
Why it matters: The Sept 15 vote is only a procedural step, but its outcome will determine the fate of crypto regulation in the US and trigger volatility.
Source: Siam Blockchain