Lack of Clarity Act Progress Could Push Crypto Down Policy Agenda — Market Talk
Crypto markets await a vote this week that decides whether the Senate will begin debating the Clarity Act. A lack of progress this quarter risks crypto slipping down the policy agenda ahead of midterms, says Sygnum CIO Fabian Dori. The vote outcome turns on whether at least seven Democrats or independents are satisfied on issues around ethics and stablecoin yields. Sygnum's research argues that the core market-structure framework is largely settled and the dispute holding up the act is political. More delays could happen if leadership pulls the vote if the count is short, or the bill stalls in amendments and reconciliation with the House text. With roughly two working weeks before the midterm campaign closes the floor, a slip past September is in effect a deferral to the next Congress, Dori says. ([email protected])