Regulation· ★★★★· neutral·

CLARITY Act: three votes short of a Senate return

  • On September 15, the CLARITY Act failed a procedural vote 49-50 against a 60-vote threshold
  • Seven Democrats backed continued negotiations, but their votes would bring the tally only to 56
  • Counting Tom Tillis, whose no was procedural, the tally would rise to 57 — still short
  • The window for another attempt runs until the October 5-November 6 recess; the Senate returns November 9-20
Why it matters: Without a market structure law, US regulators will fill the gaps with temporary rules, while the EU has already completed its MiCA transition period.
Source: CryptoSlate