US Crypto Regulation Faces Last-Minute Resistance Ahead of Senate Vote

US crypto regulation is facing resistance ahead of Tuesday's Senate vote on the CLARITY Act, which aims to establish a federal framework for digital assets.

Banking groups and state officials have raised concerns about stablecoin rewards, state enforcement powers, and developer liability. The revised bill incorporates 126 changes requested by Democrats, but these issues remain unresolved.

The Senate's procedural calendar sets the immediate test, with cloture on H.R. 3633 to ripen at 2:15 p.m. ET on Tuesday. Supporters need 60 votes to advance through the procedural hurdle, and failure to invoke cloture would block immediate consideration.