stable coins
By James Thorp
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From 75% to 10%: Galaxy's Brutal Math. The numbers aren't kind. Galaxy cut its forecast for the CLARITY Act passing in 2026 down to 10% —…
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National Sheriffs' Association Drops Opposition. One small piece of good news for the bill's backers: the National Sheriffs' Association shifted to…
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What Bessent Is Actually Arguing. Bessent's push isn't just about the bill's technical merits. It's framed around U.S.
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Scott Bessent wants the CLARITY Act passed. Fast.
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The U.S. Treasury Secretary has been pushing lawmakers hard to advance the Digital Asset Market Clarity Act as the Senate came back from its August recess.
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The numbers aren't kind. Galaxy cut its forecast for the CLARITY Act passing in 2026 down to 10% — a brutal drop from the 75% probability the firm had assigned back in May.
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The core complaint from critics is pretty specific. They say the CLARITY Act could let crypto firms offer yields on stablecoins without meeting the same requirements that…
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One small piece of good news for the bill's backers: the National Sheriffs' Association shifted to a neutral position on September 3, dropping its earlier opposition.
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Still, the gap between "some opposition dropped" and "bill passes" is enormous right now. The political headwinds are real.
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See also: Cynthia Lummis Blasts Democrats Ahead of Crucial Senate Vote on Clarity Act
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The CLARITY Act is meant to do something the U.S. has never really done cleanly: draw a clear line between which digital assets are securities, which are commodities, and who…
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Senate dynamics are murky right now. The bill needs bipartisan support to move, and that support isn't there yet — at least not visibly.
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The banking industry's opposition is probably the stickiest problem. Banks have spent years watching crypto firms operate in spaces adjacent to traditional finance without the…
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Related: Ripples Alderoty Urges Senators: Consult 67 Million Crypto Holders Before CLARITY Act Vote
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Unclear whether the upcoming Senate session actually produces a vote on the CLARITY Act or just more negotiation.
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