Galaxy Digital says 7 Democrats Key to Support CLARITY Act Markup

Galaxy Digital says 7 Democrats Key to Support CLARITY Act Markup

Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee could be key to advancing the Digital Asset Market Clarity Act when it goes to markup on Thursday, sending it to the Senate for a vote. In an X post on Sunday, Galaxy Digital labeled Democratic lawmakers Ruben Gallego and Angela Alsobrooks as “constructive/pro-framework” when it comes to crypto. Four other lawmakers are seen as “deal-makers,”…

Galaxy Digital Identifies 7 Democrats Key to Passing CLARITY Act

Galaxy Digital highlights 7 Senate Democrats pivotal for advancing the CLARITY Act, which could establish clear U.S. crypto regulations. (Read More)

Thursday Markup Set but Democrat Votes Could Determine the Bill’s Fate - Invest In Crypto News

The Senate Banking Committee has officially scheduled the CLARITY Act markup for Thursday May 14 at 10:30 AM EST. Senate Banking Chairman Tim Scott announced the date on Friday evening. According to a committee memo, the final legislative text is expected to be released Monday with senators required to submit amendments before close of business Tuesday. The vote comes nearly four months after the first Senate Banking markup was scrapped in Janua…

Galaxy Digital Highlights Democratic Votes That Could Move CLARITY Act to the Senate Floor

TL;DR: Galaxy Digital identified seven Democratic senators as key figures to advance the Clarity Act in the Senate Banking Committee vote. Two legislators are favorable to the crypto framework, four are conditional negotiators, and one is considered undecided. The bill needs at least 60 votes on the Senate floor and bipartisan support to become active federal legislation. Galaxy Digital published on Sunday an analysis identifying seven Democrat…

CLARITY Act’s markup progress now hinges on these Democrat lawmakers

The CLARITY Act is heading back to the Senate Banking Committee on May 14 after months of stalled negotiations, putting a small group of Democrats at the center of the crypto industry’s push for a federal market-structure law. The markup comes after the bill was slowed by disputes over stablecoin rewards, anti-money laundering safeguards and ethics provisions. Those fights have turned a committee vote that Republicans may be able to win on numbe…

Galaxy Digital: 7 Democrats Back CLARITY Act Markup, Crypto Regulation

The Digital Asset Market Clarity Act (CLARITY Act) faces a pivotal juncture as a markup vote approaches in the U.S. Senate. Galaxy Digital, a crypto investment firm, argues that seven Democrats on the Senate Banking Committee could be decisive in clearing the bill for passage, signaling a potential shift in the long-running effort to establish a federal framework for crypto activities. The firm’s analysis, shared via a post on X, assigns Ruben G…