2 weeks left for Clarity: State of Crypto
The Senate leaves town in two weeks. Here's what needs to happen for Clarity to advance before then.
Senators released new text for the Clarity Act, merging two versions and addressing for the first time what an ethics provision might look like. The bill isn't yet at the finish line though.
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The narrative
We have a new draft of the Digital Asset Market Clarity Act, which merges the drafts advanced by the Senate Banking and Agriculture Committees. It also adds an ethics provision that would bar senior government officials from sponsoring or issuing their own cryptocurrencies in response to President Donald Trump.
Why it matters
The window for passage is tightening, and while a new draft is progress, the fact that we're still waiting to see if there's bipartisan agreement on a key provision means the timeline is getting very tight indeed.
Breaking it down
Obviously the big question is will the Clarity Act pass? If you have a definitive answer to this question, let me know and also send me next week's lottery numbers, please and thank you.
