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Republicans Reject Democrats’ CLARITY Act Revisions; Lummis Office Says ‘Not an Inch’ Given
Minseung Kang
Summary
- U.S. Republicans have reportedly rejected Democrats’ proposed revisions to the CLARITY Act, a digital-asset market structure bill.
- Punchbowl News reported that Democrats’ counterproposal to the CLARITY Act was rejected by Republicans.
- With a Senate vote approaching and differences between the two sides still unresolved, uncertainty over the bill’s passage is also increasing.
Forecast Trend Report by Period
U.S. Republicans have rejected Democrats’ proposed revisions to the CLARITY Act, a digital-asset market structure bill, according to a report.
Infinity Hedge reported on September 15 that Punchbowl News said Republicans had rejected Democrats’ counterproposal to the CLARITY Act.
A spokesperson for Senator Cynthia Lummis said Democrats “did not move an inch.”
Democrats had earlier proposed additional changes, arguing that ethics provisions in the latest Republican amendment did not go far enough. With a Senate vote approaching and the two sides still unable to narrow their differences, uncertainty over the bill’s prospects is growing.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.