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Sources: Senate Democratic counterproposal expected to respond to Republican majority amendments
According to industry sources cited by Eleanor Terrett, Senate Democrats' counterproposal is expected to address most or all of the targeted amendments Republicans made to the CLEAR Act last night.
Bernstein: Progress on the CLEAR Act exceeds market expectations, with any positive surprises remaining unpriced.
According to The Block, Bernstein analysts indicated that Senate Republicans' progress on the Clarity Act may surpass market consensus expectations. The Republican proposal has been finalized, incorporating 126 substantive amendments put forward by Democrats. President Trump has also endorsed most measures within the bipartisan ethics framework, including granting enforcement authority to state attorneys general. Bernstein pointed out that the crypto market currently holds a pessimistic view toward Tuesday’s procedural vote, with "any upside surprises not yet priced in." The probability of the bill's passage on prediction market platform Kalshi has climbed back above 30%. Analysts cautioned that a failure to pass the legislation, combined with hawkish remarks from the Federal Reserve, could trigger a "significant pullback" in markets. However, even if the bill fails, it will accelerate SEC and CFTC crypto regulatory rulemaking rather than derail broader regulatory efforts.
Trump's Crypto Wealth Influences Negotiations on Conflict of Interest Ban for Officials in the CLEAR Act
Democrats are focusing on the crypto wealth recently disclosed by President Donald Trump and are discussing arrangements within the cryptocurrency CLEAR Act to prohibit conflicts of interest for government officials. A new draft of the bill is expected to be released in the coming days. Time is running short for the Senate to advance this cryptocurrency legislation, but negotiations on the ethics clause have yet to reach an agreement. Trump has expressed a desire for the CLEAR Act to be signed, although he recently urged Congress to prioritize advancing his voting rights bill. (CoinDesk).
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Sources: Senate Democratic counterproposal expected to respond to Republican majority amendments
According to industry sources cited by Eleanor Terrett, Senate Democrats' counterproposal is expected to address most or all of the targeted amendments Republicans made to the CLEAR Act last night.
Bernstein: Progress on the CLEAR Act exceeds market expectations, with any positive surprises remaining unpriced.
According to The Block, Bernstein analysts indicated that Senate Republicans' progress on the Clarity Act may surpass market consensus expectations. The Republican proposal has been finalized, incorporating 126 substantive amendments put forward by Democrats. President Trump has also endorsed most measures within the bipartisan ethics framework, including granting enforcement authority to state attorneys general. Bernstein pointed out that the crypto market currently holds a pessimistic view toward Tuesday’s procedural vote, with "any upside surprises not yet priced in." The probability of the bill's passage on prediction market platform Kalshi has climbed back above 30%. Analysts cautioned that a failure to pass the legislation, combined with hawkish remarks from the Federal Reserve, could trigger a "significant pullback" in markets. However, even if the bill fails, it will accelerate SEC and CFTC crypto regulatory rulemaking rather than derail broader regulatory efforts.
Trump's Crypto Wealth Influences Negotiations on Conflict of Interest Ban for Officials in the CLEAR Act
Democrats are focusing on the crypto wealth recently disclosed by President Donald Trump and are discussing arrangements within the cryptocurrency CLEAR Act to prohibit conflicts of interest for government officials. A new draft of the bill is expected to be released in the coming days. Time is running short for the Senate to advance this cryptocurrency legislation, but negotiations on the ethics clause have yet to reach an agreement. Trump has expressed a desire for the CLEAR Act to be signed, although he recently urged Congress to prioritize advancing his voting rights bill. (CoinDesk).