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CLARITY Act Keeps Procedural Path Open After Senate Setback

The CLARITY Act retains a procedural route after Senator Thom Tillis moved to reconsider a failed cloture vote. Crypto executives are divided over whether Congress has enough time remaining to advance the legislation.

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CLARITY Act Keeps Procedural Path Open After Senate Setback
The CLARITY Act remains procedurally alive despite a failed cloture vote in the US Senate. Senator Thom Tillis has moved to reconsider the vote, preserving a route for the legislation to advance. The development has prompted the crypto industry to turn its attention toward US regulators, according to Cointelegraph. Industry executives remain divided over whether Congress has enough time left to act on the bill. The CLARITY Act’s next steps therefore remain uncertain, with the reconsideration motion providing a procedural option but no assurance that the legislation will move forward. The dispute keeps the bill’s status in focus for the digital-asset sector as lawmakers and regulators consider the next stage of the process.
Source Cointelegraph This is an original Moneyiar brief based on the cited source.
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