CLARITY Act Faces High Risk of Failure Due to Republican Concerns
The CLARITY Act, a crucial piece of cryptocurrency legislation in the United States, is facing a growing risk of failure due to Republican senators' concerns that it may not have enough support to advance next week.
Sen. Mike Rounds of South Dakota and Sen. Thom Tillis of North Carolina have expressed pessimism about the bill's odds of passage, with Rounds stating that things do not 'look good' and Tillis warning that the bill will fail if there is no compromise.
The Senate's latest version of the legislation already contains an ethics section, but this has apparently failed to settle the dispute. The delay in moving forward on the CLARITY Act has left lawmakers with less time to find a compromise before the upcoming midterms gobble up all attention.