CLARITY Act could get another shot during lame-duck session, policy advocate says
Digital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market structure bill before the current Congress ends.
The Digital Sovereignty Alliance managing director Adrian Wall stated that senators from both political parties are considering reintroducing the CLARITY Act during the post-election lame-duck session, despite its failure to gain traction in the Senate this week. Wall expressed skepticism about the prospects of the bill moving forward, calling it "very complicated" and a "long shot."
However, he noted that senators have mentioned their intention to engage the opposing side to explore a final opportunity for the legislation. The CLARITY Act, an advocacy bill promoting a crypto market structure bill, failed to secure the necessary 60 votes for cloture in the Senate. Despite Wall describing the Senate vote as a "huge blow," he emphasized that the situation does not spell the death knell for the bill.
If the lame-duck session fails to advance the CLARITY Act, Wall suggested that the next Congress could revisit the issue. The Digital Sovereignty Alliance, a non-profit organization advocating for digital asset policy, collaborates with lawmakers and regulators in the crypto space.
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