Crypto Clarity Act makes a comeback in the Senate
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The Clarity Act reaches the Senate Banking Committee markup.
After a bipartisan approval in the Senate Banking Committee, the crypto market structure bill now advances to a final overhaul aimed at Senate and House passage.
CLARITY Act Section 105 raises new debate over XRP transaction treatment, Ripple ruling, and future U.S. crypto rules.
The Senate Banking Committee votes Thursday on the CLARITY Act, comprehensive crypto legislation that would give 50 million U.S. crypto holders clear regulatory rules after years of uncertainty under the SEC and CFTC.
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The Clarity Act would be a boon for backers of Bitcoin, Ethereum and stablecoins. But not everyone is on board.
According to Siddhant, the CLARITY Act currently carries around a 65% probability of approval, and a positive outcome could help Bitcoin reclaim the $83,000 level and potentially move toward $85,000. However, rejection of the bill may push the cryptocurrency below the $78,500 support zone, intensifying downside pressure.
The Senate’s CLARITY Act stablecoin deal is locked, but an escalating ethics fight now threatens the bill as Congress races toward a May 14 markup.
All 13 Senate Republicans back the CLARITY Act after Kennedy's yes vote. Here are 3 signals in today's markup that could decide XRP's move.