CLARITY Act Could Die in September Without a Final Vote: 75% Risk
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TD Cowen puts the odds of the CLARITY Act failing to become law this fall at 75%, cutting its enactment probability to 25%.
Key facts
TD Cowen puts the odds of the CLARITY Act failing to become law this fall at 75%, cutting its enactment probability to 25%
The firm puts the probability of the CLARITY Act becoming law at 25%, days after Senate Majority Leader John Thune (R-SD) filed cloture on the motion to proceed Aug. 8
Senators agreed before departing Washington that the chamber would hold the vote at 2:15 p.m
The crypto industry’s market-structure push is now a long shot, according to an Aug. 10 policy note from TD Cowen Washington Research Group analyst Jaret Seiberg provided to Bitcoin.com News
Summary
TD Cowen puts the CLARITY Act’s odds of enactment at 25%. The crypto industry’s market-structure push is now a long shot, according to an Aug. 10 policy note from TD Cowen Washington Research Group analyst Jaret Seiberg provided to Bitcoin.com News. “We assign a 75% probability that CLARITY fails to become law this fall.” The central policy debate centers on how the CLARITY Act would divide federal oversight of digital assets between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).