Crypto Exchanges

Story: Senate CLARITY Act Stalls With 5 Days Left Before Recess and Galaxy Cuts Odds to 30%

By Steven Anderson

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Lobbying Push Hits One Million Contacts. Industry pressure has been building fast. Grayscale has urged Senate leaders to act immediately,…

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Ethical Questions Complicate the Vote Count. It's not just policy disagreements slowing things down.

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What a Missed Deadline Actually Means. If the Senate doesn't act by Friday, the bill gets pushed to September 14.

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The clock is running out. The U.S. Senate's schedule this week doesn't include the Digital Asset Market Clarity Act, leaving just five days before the August recess to get…

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The bill — already cleared by the House — would split crypto oversight between the SEC and the CFTC.

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The firm dropped its forecast for the bill's passage this year from 50% down to 30%. That's a pretty significant move, and it says a lot about where sentiment sits right now…

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Treasury Secretary Scott Bessent has also weighed in, calling for the Senate to act now and pushing back on criticism that the bill is designed to benefit narrow interests.

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Michael Saylor and companies like Coinbase and Grayscale have all backed the legislation publicly.

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Related: Digital Asset Market Clarity Act Hits Senate Wall With 80% of Crypto Developers Already Offshore

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It's not just policy disagreements slowing things down. A minority staff analysis from the Senate Banking Committee raised conflict-of-interest concerns, pointing to disclosures…

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New York Attorney General Letitia James has been vocal on a different concern. She argues the CLARITY Act would weaken the state's ability to go after crypto fraud.

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That tension between federal clarity and state enforcement power hasn't been resolved. It's kind of the central fight underneath all the lobbying noise.

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If the Senate doesn't act by Friday, the bill gets pushed to September 14. That sounds like a short delay.

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The current regulatory framework — built on SEC and CFTC guidance that the industry has long complained is unclear and inconsistent — stays in place for longer.

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See also: Les flux de Dogecoin bondissent de 116 % alors que la pression de la Fed et les retards de la Clarity Act

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