Crypto
US Senate CLARITY Act Vote Looms, Bitcoin's Commodity Status on the Line
The US Senate is set to vote on the CLARITY Act, a landmark legislation that has significant implications for global crypto markets. The bill needs at least seven Democratic crossover votes to reach the required 60-vote supermajority.
Indian investors and fintech startups are closely watching the outcome, as it will dictate local market spreads, institutional inflows, and token availability across domestic exchanges.
The revised draft of the bill includes several sweeping amendments, including strict conflict-of-interest rules for high-ranking federal officials. These officials must divest crypto assets or place them in blind trusts, facing civil penalties up to $500,000 for violations.