CLARITY Act Odds Slashed to 60-Vote Senate Test Comes Into View
CLARITY Act Odds Slashed to 60-Vote Senate Test Comes Into View
Lawmakers remain divided over protections for decentralized finance protocols and non-custodial software developers, with concerns that some language could create regulatory loopholes.
What Happens After September 15
If the motion to proceed receives the necessary votes, the legislation would move into formal debate. The outstanding disagreements over ethics, stablecoin rewards, and protections for DeFi and non-custodial developers would still need to be addressed. If cloture does not clear, the bill would not advance through that procedural step.
The legislative route is not the only avenue for crypto policy. The SEC and CFTC are already pursuing work on crypto regulation without waiting for Congress.
Under Paul Atkins, the SEC has abandoned certain enforcement actions and outlined a taxonomy of crypto assets, according to the source report. The CFTC is working on issues involving leveraged exchanges and DeFi.
Regulatory action can provide a framework outside legislation, but agency rules can also be changed by a future administration. The September 15 proceeding, therefore, remains important as a gauge of whether the CLARITY Act can begin Senate debate, while the prediction markets highlight the separate question of whether it can become law in 2026.
This article has been published in cryptonews.com via Yahoo News.
CLARITY Act Odds Slashed to 60-Vote Senate Test Comes Into View
CLARITY Act odds on Kalshi for the bill to become law in 2026 stood at 25% on September 13, down from 82% in February. At the same time, a separate Kalshi market put the probability of a U.S. Senate vote before October 1 at 94%.The difference reflects two distinct questions: ...
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