PANews|Jul 24, 2026 13:10
[Multiple U.S. Crypto Industry Associations Urge Advancement of the 'Clarity Act,' Bill Still Falls Short of 60-Vote Procedural Threshold]
According to Crypto in America, several U.S. crypto industry associations are urging the Senate to expedite the voting process for the 'Clarity Act,' despite the bill currently falling short of the 60-vote procedural threshold. The latest 616-page version of the bill has been endorsed by organizations such as the Digital Chamber, Crypto Council for Innovation, and Blockchain Association, which believe it strengthens the ability to combat illicit funds and establishes a federal consumer protection framework for the crypto market for the first time. However, key Democratic senators, including Angela Alsobrooks and Mark Warner, have expressed concerns that the bill remains 'insufficient' in areas such as ethical standards and anti-money laundering, and are unable to support it at this time.
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