Senate Vote on Clarity Act Could Send Crypto Prices Soaring

The US Senate is set to vote on the CLARITY Act, a bill aimed at establishing a regulatory framework for cryptocurrency markets. The vote, scheduled for September 15th, will determine whether the bill proceeds to the general assembly for discussion.

If the bill passes, market expectations suggest that Bitcoin and altcoins could see strong gains. In particular, Ethereum, Solana, and XRP are expected to benefit from increased regulatory clarity.

Lacie Zhang, a research analyst at Bitget Wallet, believes that clarifying the boundaries between the US SEC and CFTC under the bill could improve institutional access and support for these altcoins.