Post

#SenateReleasesNewCLARITYAct ⚖️


Senate Republicans dropped a new 630-page CLARITY Act draft on Sep 10. First procedural vote is Sep 15.
This is the market-structure bill. SEC vs CFTC. What’s a commodity. What’s a security. Rules for exchanges.
What changed:
• “Decentralized-in-name-only” protocols may have to register with the CFTC
• DeFi language narrowed to spot and cash trades
• Lummis says 100+ Democratic requests were added
• Ethics rules on officials issuing tokens — barely moved
What didn’t:
The bill still needs 60 votes. Republicans don’t have them alone. No Democrats have publicly locked in on this draft. Ethics is still the fight.
For markets:
A yes on cloture is a liquidity event. A fail sends the bill into midterm freeze. Watch $BTC and large-cap beta around Sep 15. Don’t trade the headline. Trade the vote.
#CLARITYAct #Crypto #Regulation #BTC
Not financial advice. Legislation can stall.
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.
BTCBTC-2.17%


Add a comment
Add a comment

Comment
GateUser-0834a1ba
2 days ago
to the moon
0
GateUser-0834a1ba
3 days ago
First Review
Solid take
0