CLARITY Act faces Senate choke point: Bipartisan consensus remains crypto's ultimate legislative drag.
The CLARITY Act faces a critical legislative juncture, its future path obscured by political fog. The CLARITY Act Paradox: Why Bipartisan Consensus Is Crypto’s Silent Liquidity Tax The Senate Banking Committee markup scheduled for May 14 represents more than a legislative hurdle; it is a structural collision between old-world oversight and the decentralized dollar. While Republicans hold 13 of the 24 committee seats, the path to a July 4 passage depends entirely on a fragile coalition of seven Democrats who view "clarity" as a vehicle for federal capture. The tension isn't merely political theater—it's a battle over who harvests the yield of the digital economy. As the CLARITY Act moves toward a vote, the market is mispricing the cost of this compromise, which may exchange regulatory certainty for a permanent federal hand on the stablec...