The CLARITY bill is unlikely to progress in the congressional focus on SEC and CFTC nominations
2026-11-15 23:27:00
According to CoinMeta, the CLARITY legislation remained stalled in the Republican-controlled Congress in the last few weeks, and nominations from financial regulatory agencies became one of the few crypto-related decisions that legislators might be able to complete before January next year. Senator Cynthia Lummis criticized the Democratic Party's consumer protection measures in the market structure bill, stating that it required a mandatory SEC registration process, yet she voted against the measure that included that clause. Democrats demanded that crypto projects certify their products before selling, and the CLARITY legislation required this, but Democrats voted against it. This dispute occurred after the mid-term elections on November 3rd, when Democrats gained control of both chambers of Congress. Although Republicans will still hold a majority in the new Congress before it begins on January 3, 2027, industry representatives expect there to be little time for significant attempts to pass crypto legislation. The CLARITY legislation failed to make progress on September 15th, with senators ending the debate on the bill with a vote of 49-50, with 11 fewer votes in favor.
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Source:Cryptonews
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