Senate Vote Exposes CLARITY Act’s Fragile Path Forward

The Senate Agriculture Committee advanced its jurisdiction of the CLARITY Act via a narrow 12-11 party-line vote, with no Democrats supporting the measure despite claims of months of bipartisan negotiation. This vote only covers digital assets treated as commodities under the CFTC's purview, leaving crucial sections concerning the SEC, stablecoins, and DeFi unresolved by the Senate Banking Committee. The lack of any Democratic support signals a major hurdle, as the bill requires 60 votes to pass the Senate floor, meaning at least seven Democrats must eventually back it. Advancing this single piece maintains procedural momentum, but the bill's future hinges on resolving contentious issues within the Banking Committee, where Democratic concerns and White House tensions have surfaced.

(Source：BeInCrypto)