- Bill still has “meaningful” bipartisan support, top lobbyist says.
- Lawyer says midterm election fever will dampen interest in draft law.
- Innovation could “die” if Clarity fails, insiders urge.
US crypto lobbyists are refusing to admit defeat on the Clarity Act, amid claims the bill could “die” if it is not passed before this summer.
The bill aims to enshrine key crypto guidelines and regulations into law. And its advocates say it will provide key protections for the crypto sector that could protect it from future crypto-sceptic governments. The issue of whether or not stablecoin holdings should pay yields has proven divisive, however, resulting in an impasse.
“[Clarity] has meaningful bipartisan momentum because leaders in both…
