CLARITY Act Faces Tight Odds Ahead of Key Senate Vote
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The Senate Banking Committee is scheduled to vote Thursday on the CLARITY Act, a bill that could shape U.S. crypto regulation, but last-minute disputes over DeFi rules and more than 100 amendments have weakened bipartisan support and clouded its prospects. After nine months of negotiations, Sen. Cynthia Lummis warned Congress cannot wait for another crypto collapse before acting, while industry groups, DeFi projects, DEXs and CEXs watch closely for a vote that will affect token regulation, market certainty and adoption.
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- Last-minute disputes over DeFi rules cast uncertainty over the CLARITY Act committee vote.
- Cynthia Lummis warned Congress cannot wait for another crypto collapse before regulating markets.
- More than 100 amendments and bipartisan tensions complicated the CLARITY Act’s path forward.
Lawmakers on Capitol Hill are prepared to vote Thursday on the crypto-focused CLARITY Act, a proposal that could shape digital asset regulation in the United States. The Senate Banking Committee markup came as crypto firms, lobbyists, and industry groups closely monitored negotiations amid signs that bipartisan support had weakened.
Cynthia Lummis remained optimistic ahead of the hearing. Speaking on CNBC’s Squawk Box, she said lawmakers had spent more than nine months working with Democrats on the bill. Lummis argued the legislation would establish clearer rules for digital assets in…
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