Senate to Vote on Revised Clarity Act Next Week
- The Clarity Act requires a minimum of 60 votes to pass in the Senate.
- A new draft of the bill was circulated by Republicans on Thursday, ahead of the upcoming vote.
- Provisions affecting DeFi and credit unions have been included in the latest revisions.
- The Senate will reconvene next week after its recess, where the vote will take place.
The revised Clarity Act aims to clarify regulations surrounding cryptocurrencies and financial entities, with significant changes for DeFi and credit unions. The outcome will depend on securing bipartisan support as the Senate prepares for voting.
With a requirement of at least 60 votes, the revised bill’s fate remains uncertain as it heads into a critical voting period next week. (Source)
