Senate Schedules May 14 Clarity Act Vote as TD Cowen Flags Major Obstacles

The Senate Banking Committee scheduled a May 14 vote on the Clarity Act, but TD Cowen said the move only shifts the fight to the full Senate. Jaret Seiberg said a committee passage would let lawmakers merge the bill with the Senate Agriculture Committee version and then seek the 60 votes needed for passage. Seiberg said disputes over stablecoin yield, ethics provisions, anti-money laundering, and market manipulation standards still threaten the bill’s path this year.

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