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CLARITY Act's Fate Hangs in Senate Banking Committee

The Digital Asset Market Clarity Act, or CLARITY Act, faces a crucial vote next week in the Senate Banking Committee. To move forward, it needs bipartisan support, with Republicans aiming to win over seven to ten Democrats for the sixty votes needed in the full Senate. If they secure just four Democratic votes in the committee, it could gain momentum, similar to the GENIUS Act on stablecoins. Passing the bill would clarify regulations and attract big institutions to crypto, but a failure could dampen short-term investor sentiment. TD Cowen predicts it might not pass until 2027, or even 2029, if Democrats stall and regain power. Ray Dalio warns that Trump-era boosts for crypto and tech could disappear if Republicans lose control of Congress. Checkout Solipillow.com

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