Senate Vote on Clarity Act Hinges on Last-Minute Negotiations
The US Senate's vote on the CLARITY Act is scheduled for Tuesday at 9:15 PM Turkish time, but negotiations between Republicans and Democrats have stalled.
The bill includes comprehensive regulations for the cryptocurrency market, and to move forward, it needs at least 60 votes. However, with Republicans rejecting the Democrats' latest counter-proposal, it remains unclear whether the bill can secure the required number of votes.
Senate Republicans argue that they have made significant concessions on ethics rules, legal protections for software developers, and provisions falling under the jurisdiction of agricultural committees. They claim that their current text is their 'final, best, and ultimate proposal,' which incorporates a total of 126 comprehensive changes requested by the Democrats.