CLARITY Act Enters Crunch Time: Can Proponents Secure Key Votes?

The CLARITY Act has landed on the Senate's legislative calendar, marking a critical phase in the long-fought battle over U.S. crypto regulation.

Backers of the bill are scrambling to secure the necessary votes, with proponents believing they need around seven Democratic senators to join Republicans to pass it.

The bill aims to draw clearer lines between digital assets treated as securities and those considered commodities, which has been a source of regulatory confusion for years.