Crypto
Senate to Vote on Clarity Act: Will It Pass and Boost BTC?
The U.S. Senate is set to vote on cloture for the Clarity Act on September 15, which would pave the way for a formal vote on the bill. The passage of the Clarity Act requires 60 votes in the Senate.
Coinbase CEO Brian Armstrong believes that most stakeholders are getting what they want from the bill and is optimistic about its chances of passing.
The Clarity Act aims to establish a broader regulatory framework for cryptocurrencies, defining what constitutes a 'mature blockchain' and clarifying jurisdiction over certain markets.
Passage of the bill would be seen as bullish for Bitcoin (BTC), which has been struggling this year. Armstrong believes that both sides are getting 90% or more of what they want from the bill.