The post CLARITY Act: CZ and Brian Armstrong Say Crypto Progress Will Continue appeared first on Coinpedia Fintech News

Binance co-founder Changpeng Zhao said the CLARITY Act setback will not stop crypto development, arguing that technological progress will continue. Coinbase CEO Brian Armstrong also said the Senate’s failure to advance the bill was disappointing but argued that the SEC and CFTC can create clearer rules under existing authority. Armstrong added that the GENIUS Act …

The post What Time is Clarity Act Vote Today appeared first on Coinpedia Fintech News

CLARITY Act is scheduled for 2:15 p.m. ET on September 15. This is a procedural cloture vote, not the final vote on the bill. The Senate needs 60 votes to advance the legislation to floor consideration. If cloture passes, senators can move toward debate and amendments. A separate final-passage vote would come later.

The post Bank Groups Say CLARITY Act’s Stablecoin Circuit Breaker Is ‘Not a Safeguard at All’ appeared first on Coinpedia Fintech News

Eight major banking groups are warning that the revised CLARITY Act could create this risk if stablecoin rewards work like bank interest. The banks say the bill’s “circuit breaker” may come too late to stop deposit losses and lending problems.  The letter comes ahead of a key Senate procedural vote scheduled for 15 September. Eight …

The post Will the CLARITY Act Pass the Senate Today? appeared first on Coinpedia Fintech News

Connor Brown, Executive Director of the Bitcoin Policy Institute and a former Senate staffer, laid out exactly what’s at stake as the Senate holds a cloture vote today on the CLARITY Act.  Republicans control 53 seats, with two possibly sitting out, meaning 7 to 9 Democrats need to cross the aisle to reach the 60 …

The post XRP News: Ripple CEO Brad Garlinghouse Says CLARITY Act Trades ‘Weren’t Small’ appeared first on Coinpedia Fintech News

Ripple CEO Brad Garlinghouse pushed back Sunday on the idea that the CLARITY Act represents a watered-down compromise, responding to Treasury Secretary Scott Bessent’s public reaffirmation of support for the bill. “This bill isn’t just a compromise, it’s the product of real, substantive trades policymakers made to get here,” Garlinghouse wrote, adding that those trades …

The post Senate Democrats Reject Latest CLARITY Act Draft Hours Before Vote appeared first on Coinpedia Fintech News

Senate Democrats rejected the latest CLARITY Act draft over ethics concerns, just hours ahead of Tuesday’s crucial cloture vote, according to reports. Democrats argue the new crypto ethics rules still don’t go far enough, even as Republicans have called this their final offer. Democrats are now drafting a counterproposal before the 2:15 PM vote. Sentiment …

The post Senate Officially Schedules CLARITY Act Cloture Vote For Tuesday appeared first on Coinpedia Fintech News

The US Senate has officially set Tuesday, 2:15 PM ET, for the CLARITY Act’s cloture vote. Clearing that hurdle requires 60 votes to open formal debate, which can then run for up to 30 hours if approved. Final passage after that would only need a simple majority of 51 votes. The vote marks crypto’s most …

The post AG Letitia James Leads 18-State Bipartisan Push to Reject the CLARITY Act appeared first on Coinpedia Fintech News

New York Attorney General (AG) Letitia James is leading an 18-state bipartisan coalition, urging the US Congress to vote against the CLARITY Act tomorrow. Attorneys General supporting the motion hail from Washington, California, Arizona, Massachusetts, and New Jersey, among others. In a September 14 letter addressed to the Senate Banking Committee Chairman Tim Scott and …

The post Senator Lummis Releases CLARITY Act Final Draft Ahead of Key Vote appeared first on Coinpedia Fintech News

Senator Cynthia Lummis has released the final version of the CLARITY Act with major new ethics rules and more than 120 demands from Democrats just one day before the crucial September 15 Senate vote.  President Trump has also agreed to tougher ethics restrictions, while the odds of the bill passing have jumped to 44%. Key …

The post Will Bitcoin, Ethereum and XRP Prices Rally if the CLARITY Act Passes on September 15? appeared first on Coinpedia Fintech News

Washington is sending mixed signals on the CLARITY Act just over a day before its make-or-break Senate vote, and the disagreement itself is becoming part of the story. Two Conflicting Reports ClaimSourceDetails“Clarity is dead”Renato Mariotti, former federal prosecutorSays multiple members of Congress and staff told him this directly in DCBill is on trackFaryar Shirzad, Coinbase …