Republicans Hope For Democratic Support on Crypto Clarity Act

Bitcoin Magazine

Republicans Hope For Democratic Support on Crypto Clarity Act 

Lawmakers are hoping to push through the crypto market structure bill this week but the Democrats are holding things back, according to Senator Dave McCormick.

Speaking to Fox Business on Friday, the Republican senator said that a vote needs to happen now.

“The Democrats are starting to think, ‘We don’t want to give it a win,'” said McCormick.

Writing on X today, he added: “The time for delay is over. Bring the Clarity Act to the Senate Floor for a vote and let every senator go on the record. America needs clear rules that protect consumers and keep digital asset innovation and jobs here at home.”

Lawmakers have been mulling over the Clarity Act since last year, which would set in stone crypto regulation. The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns.

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