Rep. Chris Pappas Backs Stalled CLARITY Act After Senate Setback

Rep. Chris Pappas is backing the CLARITY Act, a bipartisan effort to establish federal rules for digital assets after the legislation stalled in the Senate. The Senate failed to invoke cloture on a motion to proceed to H.R. 3633 in a 49-50 vote Sept. 15. The vote blocked the bill from advancing. Susan Collins, Josh Hawley, Jerry Moran and Thom Tillis voted against advancing the measure, while Chris Coons did not vote. The procedural defeat left the proposed framework stalled in Congress. The CLARITY Act would define a regulatory structure for the U.S.

Source: TokenPost