It's not blanket Dem skepticism killing this, it's a few senators (Murphy, Van Hollen, Merkley) tied to a specific ethics provision dropped from the merged draft. Only 2 Dems locked in so far (Gallego, Alsobrooks), needs 7 to 9. August 10 recess is the deadline to watch.

Jens
My thesis on the Clarity Act for Substack is almost ready.

The biggest question is: will Democrats pass this before August?

Many Democrats have been skeptical of crypto and have pushed for stricter regulation. But is that enough to stop this bill?

#EventContractsLaunch #TrumpAgreesToClarityEthicsClause
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
MEVHunter
· 07-23 13:03
In fact, only a few senators are opposed; most haven’t taken a position. The key is whether there’s a compromise proposal in the final week—but the removed provisions are very likely not coming back, and both sides will need to make concessions for a deal to happen.
View OriginalReply0
BiasRanger
· 07-23 06:03
The moral clause was removed—this is the real key point.
View OriginalReply0
StatsNerd
· 07-23 05:59
Murphy and the other two refused to back down on that clause—what looks like a small issue actually reflects a trust problem; with the vote so tight, if there’s no chance before the recess, it will just get dragged on.
View OriginalReply0
BollingerWalker
· 07-23 05:39
Only two are confirmed to support it; it’s still far from the 7 to 9 range. Can it be wrapped up by August 10?
View OriginalReply0
  • Pinned