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The Digital Asset Market Clarity Act faces a pivotal juncture as a markup vote approaches in the U.S. Senate.
Galaxy Digital identifies seven key Senate Democrats as pivotal swing votes for advancing the CLARITY Act.
KEY POINTS
- Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock are labeled 'deal-maker/conditional' on CLARITY Act support.
- Coinbase withdrew support in January due to concerns over open-source protections and stablecoin yield prohibitions.
- Committee approval and broader Senate passage will likely require notable bipartisan agreement and strengthened AML safeguards.
- The CLARITY Act's framework would directly interact with SEC, CFTC, DOJ, and FinCEN oversight of digital assets.
COMPANIES
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