Post

The Senate failed to advance the Clarity Act today, leaving the U.S. without clear rules for digital assets after years of bipartisan negotiations. The bill would have strengthened consumer protections, cracked down on bad actors, and given businesses clearer rules.

15/9/26, 7:20 pm0 reposts0 likes

Chamber of Progress

@progresschamber.org

15 Sept

There was movement toward a deal. Senate Republicans updated the bill this week with stronger ethics provisions, while Democrats had spent more than a year pushing for stronger consumer protections. We urged the Senate to keep the process moving. Instead, cloture failed.

Chamber of Progress

@progresschamber.org

15 Sept

“There’s no sugarcoating it. This was a really disappointing result after years of negotiation. Consumers and businesses are now stuck with the status quo of no clear crypto rules, which everyone agrees is unacceptable.” - Max Raymond Full release: progresschamber.org/news/senate-...

progresschamber.orgSenate Rejects a Bipartisan Win on Clarity Act: - Chamber of ProgressAmerica Remains Without Commonsense Rules for a Growing Industry