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Senate Prepares for Clarity Floor Push as GOP Seeks Democratic Support
The crypto industry is hoping Senate Republicans can get the ball rolling this week on a floor vote for the Clarity Act. That would begin with Senate Majority Leader John Thune (R-SD) filing cloture on the motion to proceed, setting up a vote (typically two session days later) that would require 60 votes to advance. If cloture is invoked, the Senate could then spend up to 30 hours debating the motion before voting on whether to proceed to the bill itself. The problem: That timeline runs headfirst into the August recess, with senators scheduled to leave Washington on August 7. The solution: Despite Thune saying last ... (full story)
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From tradersunion.com | 3 hr ago
As reported by The Block, James says in written testimony submitted Monday to the Senate Homeland and Governmental Affairs permanent subcommittee that the Clarity Act would undermine New York's long-standing role in crypto oversight and weaken other states' regulatory authority. She argues the bill would interfere with and preempt state investor protection ...
