What the CLARITY Act’s Senate Failure Portends for DeFi and US Builders
Photo: DeFi Planet
On September 15, the Digital Asset Market CLARITY Act fell 11 votes short of reaching the Senate floor for debate, failing a key procedural threshold with a final tally of 49 to 50 against the required 60 votes. The bill is not formally dead because a motion to reconsider is still pending, and its House author, French Hill, who chairs the House Financial Services Committee , wants another shot after the midterms. Yet weeks later, US crypto developers face a more pertinent question: How dependable is clarity when it stems from SEC and CFTC oversight rather than Congressional action?
Source: DeFi Planet
