stable coins
By Evie Vavasseur
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A 60% Chance It Falls Apart. Jaret Seiberg at TD Cowen put the odds of the bill failing in the opening vote at around 60%.
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What the SEC and CFTC Do Either Way. Coinbase CEO Brian Armstrong has been pretty vocal that a stalled bill won't stop regulatory…
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Elections, PACs, and What Comes After. If the vote fails, the Clarity Act probably doesn't come back this year. That's the blunt reality.
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The Senate vote is hours away. And right now, nobody's really sure the Digital Asset Market Clarity Act survives it.
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Both Republican and Democratic lawmakers spent the weekend trading proposals — and getting nowhere fast.
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Seiberg's read is that even crypto-friendly Democrats might find the Republican changes too thin to back.
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The White House has tried to calm the banking sector's nerves by releasing economic data meant to show the fears are overblown.
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Related: Senates CLARITY Act Faces Critical Vote After Intense Bipartisan Negotiations
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But SEC Chair Paul Atkins has said he wants legislative backing to make those rules stick. That's a meaningful caveat.
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That tension has been building for years. Crypto markets have grown enormously, and the regulatory framework governing them is still patchy and contested.
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The crypto industry's political action committees are watching all of this closely. Fairshake, the major super PAC tied to crypto interests, hasn't finalized its strategy for the…
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Related: CLARITY Act Hits Senate Wall as 18 State AGs Demand Rejection
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The crypto lobbying side has been pushing lawmakers hard to at least vote yes on opening debate — keep the process alive, let amendments happen, don't shut the door.
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Whether they get it is another question. Industry insiders say optimism is waning. The session's running out of time, the two parties can't agree on the basics, and the financial…
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Fairshake still hasn't said what it's doing with its money.
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