Crypto and Banking Groups Lobby Senators Ahead of Clarity Act Procedural Vote as Coinbase CEO Says Regulation Will Advance Regardless
Crypto industry advocates and community banking groups are pressing lawmakers in their home states as the Senate heads toward a procedural vote on the Clarity Act scheduled for September 15, according to Decrypt.
The lobbying push targets senators directly rather than relying solely on Washington-based advocacy, with both crypto groups and community bankers working to shape opinion before the vote, Decrypt reported.
Coinbase CEO Brian Armstrong said crypto comes out ahead no matter how the Senate vote turns out, according to CoinDesk. Armstrong argued that U.S. crypto regulation is likely to keep moving forward even if the Clarity Act vote fails, CNBC reported.
The Clarity Act is aimed at establishing a regulatory framework for digital assets in the United States. Its fate in the Senate remains uncertain as the procedural vote approaches, with lobbying efforts intensifying on multiple fronts ahead of the date, per Decrypt.
Sources: Decrypt, CoinDesk, CNBC
This article is for information only and is not financial advice.
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