Senate Reopens Crypto Bill Talks, Chances of Passing Up to 35%
The United States Senate has reopened discussions on the CLARITY Act, a crypto bill that had been delayed due to political tensions and a controversial DeFi regulation proposal. The chances of the bill passing have improved to 35%, up from 15%, according to prediction platform Polymarket.
The renewed talks were sparked by a meeting between crypto industry leaders and the main opposition party in the US Senate. A bipartisan version of the bill is set to be released before the Thanksgiving holiday, with the aim of final endorsement before the end of 2025. The CLARITY Act is expected to bring significant regulatory clarity and restructuring to the US crypto market. It aims to define digital asset categories, shift trading oversight mainly to the CFTC, and formalize compliance rules. This could reduce uncertainty, encourage transparency, and promote institutional adoption, benefiting global investors by creating a more unified and regulated framework for crypto investments.
However, the path to Senate approval is not smooth. Democrats are pushing for stricter DeFi regulations, which may delay the Act's final passage and maintain some market uncertainty in the near term.
The CLARITY Act's potential passage could significantly reshape the US crypto market and global crypto investments. However, the bill's fate remains uncertain due to ongoing political negotiations.
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