Democrats · CLARITY Act · US Senate · US Congress · The Block
Gillibrand confirms Democrats still committed to passing Clarity Act
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Seven U.S. Democratic Senators stated on Wednesday that they remain committed to passing the Digital Asset Market Clarity Act.
Key facts
- This week was a setback, but not the end of that important work," U.S. Senators Kirsten Gillibrand (D-NY), Angela Alsobrooks (D-MD), Cory Booker (D-NJ), Catherine Cortez Masto (D-NV), Ruben Gallego
- While it needed 60 votes to pass, it only gained 49 yes votes
- Seven U.S. Democratic Senators stated on Wednesday that they remain committed to passing the Digital Asset Market Clarity Act
- While the U.S. Senate may continue to work on the legislation, financial analysts at StoneX said the bill is dead for this Congress, as there are only 14 working days left before the campaign season
Summary
Seven U.S. "This week was a setback, but not the end of that important work," U.S. Senators Kirsten Gillibrand (D-NY), Angela Alsobrooks (D-MD), Cory Booker (D-NJ), Catherine Cortez Masto (D-NV), Ruben Gallego (D-AZ), Mark Warner (D-VA), and Raphael Warnock (D-GA) said in the Wednesday statement. The statement highlighted that the Democrats have worked for two years 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. "The team remain committed to working in a bipartisan fashion to get this legislation passed," the senators wrote. The latest statement follows Clarity's failure to pass the Senate's procedural vote on Tuesday, which led many to declare the bill "dead.