Hagerty: CLARITY Act to restart after Nov. 3 midterms, BTC reserve law in sight
- —Senate rejected cloture on CLARITY in September by a 49-50 vote
- —Hagerty favors passing the bill in key components rather than as a whole
- —US holds about 200,000 BTC worth roughly $16 billion in its reserve
- —GENIUS Act takes effect on Jan. 18, 2027
Why it matters: Codifying the BTC reserve and clarifying SEC-CFTC jurisdiction would remove regulatory uncertainty for the market.
Source: BITTIMES