Clarity Act Stalls Ahead of Crucial Vote

The Clarity Act is on track to reach a crucial vote in the US Senate on September 15, but its passage remains uncertain. Disputes over stablecoin rewards and whether US President Donald Trump's latest ethics concessions are sufficient still threaten the landmark crypto bill.

After a weekend push by the White House and Republican senators to secure the votes needed to advance the legislation, banking groups continue to press for tighter restrictions on stablecoin rewards.

The Clarity Act aims to provide clarity on the regulation of digital assets in the US. However, disagreements over key aspects of the bill have slowed its progress through Congress.