Lawmakers race to pass Clarity Act before session ends, with three concessions needed
- —Clarity Act fell short of the 60 votes needed to end debate in the Senate
- —Democrats objected to ethics rules; Trump family made $1.4B on crypto
- —Bank lobbyists warn stablecoin yield would drain local bank deposits
- —Senate recesses Oct. 5 and returns Nov. 9, leaving weeks before session ends
Why it matters: Without Clarity Act, crypto oversight remains contested between SEC and CFTC, with elections and courts deciding the outcome.
Source: BeInCrypto RU