Noticias

The CLARITY bill, designed to establish rules for the cryptocurrency market in the United States, has not received Senate approval. The vote ended in failure for his supporters: 50 senators voted against, while 60 votes were needed to move forward. Thus, the document review process has actually stalled. If the parties fail to reach an agreement and hold a repeat vote before the November elections, CLARITY will have to go through all the stages of lawmaking all over again, starting with submitting to Congress and gaining support in committees. Such obstacles to crypto regulation in the United States are not an isolated case.

The main stumbling block was ethical considerations. Democrats expressed concern that the current version of the bill does not limit the ability of high-ranking officials and politicians, including Donald Trump, to participate in cryptocurrency projects. Elizabeth Warren, who holds an important post on the banking committee, said before the vote that the bill in its current form would not prevent the president from receiving an additional $1.4 billion in profits from crypto assets. She urged senators to vote against, warning of a possible collapse of the US economy if the document is adopted. This speech became one of the most notable during the debate.

The second point of criticism from the Democrats concerns the distribution of power. In their opinion, the CLARITY bill in its current form will deprive state attorneys general of the right to directly sue crypto companies, and local authorities will control the activities of crypto businesses, transferring these issues to the federal level. At the same time, the Democrats did not insist on changes to the section on stablecoins and the retention of the loyalty bonus clause for customers holding tokens. This can be seen as an attempt at compromise, but it did not save the bill.

Republicans, in turn, argued that the submitted version of the bill already takes into account 126 significant proposals from Democrats, calling it the "last and final proposal." However, the voting results showed that it was not possible to convince the opponents. Perhaps the parties simply did not have enough time, or maybe the political differences turned out to be stronger than the desire to streamline the market.

The cryptocurrency market reacted immediately: bitcoin fell below the $75,000 mark, and the volume of liquidated longs on crypto exchanges exceeded $ 260 million in an hour. Investors took this news as a signal of increased uncertainty: the lack of clear rules of the game means the persistence of high risks.