Clarity Act dies in Congress; crypto policy uncertainty persists
TradingView News cites StoneX analyst Mark Palmer saying the crypto-friendly Clarity Act is dead in Congress after it failed to advance to a floor debate vote.
Story updates
05:02:45 PM UTC
SquawkNews
The Clarity Act is "not fully dead" after it failed to advance in a Senate procedural vote on Tuesday, but the window for passing the crypto market structure bill this year is now "extremely narrow and only getting narrower," JPMorgan analysts said.The Senate vote ended 49-50, short of the 60 votes…
The crypto-friendly Clarity Act is officially dead in Congress after it fell short yesterday on a vote to advance the bill to a floor debate, StoneX analyst Mark Palmer said in a note. Palmer said the uncertainty that has hung over much of the crypto space is not going away. Altcoins and de…