CLARITY Act could still pass this year, former congressman Ryan says
- —The Senate rejected cloture on the CLARITY Act on Sep. 15 with 49 yes votes and 50 no; 60 were needed
- —Ryan cited ethics, consumer protection, illicit finance and stablecoin rewards as unresolved issues
- —Seven Senate Democrats who voted against cloture said the result was "not the end" of the effort
- —Ryan sees a possible deal in this year's lame-duck session
Why it matters: Passing the bill would set federal rules for digital asset markets and split oversight between the SEC and CFTC, reducing regulatory uncertainty for crypto firms.
Source: crypto.news