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[BUSINESS] · United States · 9 sources

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CLARITY Act faces uncertain future in U.S. Senate

The CLARITY Act, a major piece of U.S. legislation intended to establish a regulatory framework for digital assets, faces significant uncertainty in the Senate. While the bill passed the House of Representatives with bipartisan support, it has stalled in the Senate due to disagreements over ethics provisions and stablecoin regulations. Senate Majority Leader John Thune has scheduled a critical cloture vote for September 15, though prediction markets suggest a low probability of the bill becoming law before the end of 2026.

Industry leaders, including Ripple's Chief Legal Officer Stuart Alderoty, argue that the act is essential for economic growth and job creation. Research from the National Cryptocurrency Association estimates the sector supports approximately 232,000 jobs in the U.S. as of 2026.

Simultaneously, regulatory agencies like the SEC and CFTC are moving forward with independent rulemaking. Former officials have warned that overly rigid domestic regulations on crypto derivatives, such as perpetual futures, could drive liquidity to offshore markets, where volumes are estimated to reach $90 trillion by 2025.

Entities

CFTC · Clarity Act · John Thune · National Cryptocurrency Association · Pragmatic Policy Group · Ripple · SEC · Stuart Alderoty · U.S. Senate · United States Senate

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