
Emmer and Waters Clash Over CLARITY Act's Fate After Senate Defeat
- —The CLARITY Act failed to reach 60 votes in the Senate, with the vote tally at 49-50
- —Emmer expects the bill to return after the midterm elections
- —Waters demands stricter ethics rules targeting Trump's profits
- —A group of Democrats led by Gillibrand will continue work on regulation
Why it matters: The fate of the CLARITY Act determines the timing and shape of U.S. crypto market regulation, affecting exchanges, tokens and institutional inflows.
Source: Bitcoin.com
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