โ๏ธ CLARITY Act Stalls as SEC Moves to Write Crypto Rules Itself
The Senate delayed a floor vote on the Digital Asset Market Clarity Act before the August recess, pushing a procedural vote to September 15. Galaxy Research puts passage odds at just 10%, down from 75% in May. With Congress gridlocked, the SEC is filling the vacuum with its own 'Regulation Crypto' โ a new bespoke securities regime for digital assets. Will the industry prefer a congressional deal over SEC rules written without them? Not financial advice.
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