Upcoming crypto bill vote shifts fight to full Senate, ‘major obstacles’ remain TD Cowen says
60-second summary
The Senate Banking Committee is poised to vote on the Clarity Act, a crypto bill, on Thursday, despite opposition from banks and Democrats. Major obstacles remain, according to TD Cowen, as the bill's fate shifts to the full Senate. The vote's outcome will significantly impact the crypto industry, potentially leading to increased regulatory clarity and market stability.
The Senate Banking Committee is set to vote on the crypto bill, or Clarity Act, on Thursday despite objections from banks and Democrats.