White House · Donald Trump · CLARITY Act · US Senate · US Congress · CoinDesk
The more time that goes by, the lower the odds of a crypto law emerging
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"CoinDesk is optimistic heading into Tuesday’s vote and deeply grateful to the senators in both parties who have stayed at the table and worked through difficult issues in good faith," Blockchain Association CEO Summer Mersinger said .
Key facts
- September 15 almost certainly won't be the dramatic moment that decides the fate of the Clarity Act
- If it passes, great, we've got legislation," Coinbase CEO Brian Armstrong said in a CNBC interview
- Or, the vote simply doesn't happen on September 15, as some crypto insiders have suggested may occur
- If the legislation happens to experience a rush of final negotiations and White House concessions that lend it more than 60 supporters, the first vote is still much a first vote
Summary
Despite the crypto space fixated on a U.S. Senate vote planned for September 15, nobody knows for sure how that may go, or whether it'll happen at all. The Digital Asset Market Clarity Act has a brief window and long odds to survive the slings and arrows of its political fortune before Congress closes shop to concentrate on its consequential midterm elections. Depending on who you hear from, the Digital Asset Market Clarity Act has a real shot at a last-second deal that will catapult it into law. The crypto industry is awash in Clarity Act theory, but the truth seems to hew close to a legislative shrug at this stage. Much of the conjecture hinges on the potential September 15 vote that was set up in the final moments before the Senate dispersed for its August break.