Regulation· ★★★★· neutral·

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