Grayscale Head of Research Zach Pandl said on Aug. 8 that the CLARITY Act now appears unlikely to become law this year, pointing to a crowded Senate calendar and election year politics.Â
Summary
- Senate leaders filed cloture on CLARITY, setting a September 15 procedural test after August recess.
- Grayscale says passage this year appears unlikely, citing the Senate calendar and election year politics.
- The Senate Banking Committee advanced the bill 15 to 9 in a bipartisan May vote.
- SEC rulemaking can continue without CLARITY, including planned changes for crypto trading and custody rules.
- Grayscale warns missing federal legislation may push new investment and developer…
