Senate Vote Exposes CLARITY Act’s Fragile Path Forward
The Senate Agriculture Committee has superior its portion of the CLARITY Act on a slim, party-line vote, reflecting how politically fragile the crypto market construction invoice stays.
The committee handed the measure 12–11 on Wednesday, with no Democrats voting in favor, regardless of months of negotiations cited by Republican management.
A “Bipartisan Process” Ends in a Party-Line Vote
Senate Agriculture Committee Chairman John Boozman opened the markup by calling it the end result of months of bipartisan discussions. He stated talks had been “cordial and substantive.”
However, the ultimate vote instructed a distinct story. Every Democrat on the committee voted towards advancing the invoice, sending it ahead with Republican assist solely.
Only One Piece of the Bill Actually Moved
Today’s vote lined solely the Agriculture Committee’s jurisdiction, which incorporates digital belongings handled as commodities and the position of the CFTC.
This means the committee superior just one slice of the CLARITY Act. Key sections coping with the SEC, token disclosures, stablecoins, and DeFi stay unresolved elsewhere.
Despite advancing out of committee, the CLARITY Act has not handed the Senate and is way from changing into legislation.
The invoice can’t attain the Senate ground till all related committees approve their parts. Today’s vote retains the method alive however doesn’t safe passage.
Zero Democratic Support Is the Real Warning Sign
The CLARITY Act wants 60 votes to cross the Senate. Republicans would not have the numbers to try this alone.
That means not less than seven Democrats should ultimately assist the invoice. Today’s vote confirmed zero Democratic backing, highlighting a serious political hurdle.
The Real Battle Still Lies Ahead
The most consequential step has but to occur.
The Senate Banking Committee nonetheless should act on its portion of the invoice, which covers essentially the most controversial points. These embody SEC authority, stablecoin guidelines, and DeFi compliance language.
This can also be the place Coinbase withdrew assist and the place Democratic issues and White House tensions have surfaced.
Advancing out of Agriculture provides the CLARITY Act procedural momentum. But the party-line consequence makes it more durable to construct the bipartisan coalition wanted for a ground vote.
Without adjustments that appeal to Democratic assist, the bill risks stalling additional or being pushed nearer to the November midterms.
Overall, the CLARITY Act moved ahead at the moment — however solely barely.
The Senate Agriculture Committee vote uncovered how politically fragile the invoice stays. Its future now hinges on whether or not lawmakers can bridge divisions within the Senate Banking Committee earlier than time runs out.
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