US Senate Republicans Release Revised Crypto Bill
Senate Republicans released a revised crypto bill addressing ethics and banking concerns ahead of a crucial vote. The updated text incorporates numerous changes requested by Democrats, though banking groups remain opposed.
United States Senate Republicans released a revised Clarity Act on Sunday, incorporating 126 changes to address Democratic ethics concerns and banking sector lending worries ahead of a Tuesday procedural vote. The bill establishes a federal regulatory framework for cryptocurrencies following a year of intense bipartisan negotiations. Passing the upcoming vote requires a 60-vote threshold, leaving the legislation's fate uncertain amid ongoing opposition from banking trade groups.
