Summary
- The CLARITY Act failed in the U.S. Senate after it did not secure the 60 votes needed to advance to floor consideration.
- Republicans and Democrats continued negotiations over key issues, including ethics provisions, but failed to reach a final agreement.
- As a result, the U.S. cryptocurrency market structure bill, the CLARITY Act, has been stalled, and no timetable for reviving it has been made public.
Forecast Trend Report by Period
The CLARITY Act, a U.S. cryptocurrency market structure bill, failed to secure the 60 votes needed in the Senate to advance to floor consideration.
Cointelegraph reported on September 15 that the bill fell short of the 60-vote threshold required in a procedural Senate vote.
Republicans and Democrats continued negotiating key issues, including ethics provisions, until just before the vote, but failed to reach a final agreement.
As a result, Senate action on the CLARITY Act has been temporarily halted. It remains unclear when the bill may be reintroduced or whether additional negotiations will take place.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.