CLARITY Act · US Senate · New York · Bitcoin.com News
7 Democratic Senators Vow to Keep Pushing CLARITY Act After Setback
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A group of Democratic senators says the failed Senate vote on the CLARITY Act will not end efforts to establish a federal framework for cryptocurrency markets.
Key facts
- Senators rejected cloture on the motion to proceed to H.R. 3633 by 49-50, short of the three-fifths threshold required to advance the legislation
- Senators Kirsten Gillibrand of New York, Angela Alsobrooks of Maryland, Cory Booker of New Jersey, Catherine Cortez Masto of Nevada, Ruben Gallego of Arizona, Mark Warner of Virginia, and Raphael
- The immediate obstacle remains the Senate’s Sept. 15 procedural vote
- The push for comprehensive U.S. cryptocurrency legislation remains active despite this week’s Senate setback, with seven Democratic senators pledging on Sept
Summary
The push for comprehensive U.S. cryptocurrency legislation remains active despite this week’s Senate setback, with seven Democratic senators pledging on Sept. 16 to continue working across party lines to pass the CLARITY Act. Senators Kirsten Gillibrand of New York, Angela Alsobrooks of Maryland, Cory Booker of New Jersey, Catherine Cortez Masto of Nevada, Ruben Gallego of Arizona, Mark Warner of Virginia, and Raphael Warnock of Georgia jointly reaffirmed their support for continuing the legislative effort. “Democrats have spent the last two years working to pass crypto legislation that would expand opportunity, protect consumers, punish bad actors, create regulatory certainty, and include strong, commonsense ethics provisions for elected officials.” Their statement extends a position several members of the group took earlier in the negotiations.