Hope for Clarity Act burns bright. Rumor states the US Senate is preparing for another round of votes. Supposedly, the Democrats have shared a green light on the bill. Hope sparks amid the cr
Hope sparks amid the crypto community as a rumor states that the Clarity Act will be facing another round of votes. According to these circulating posts, it is suggested that the Democrats have finally warmed up to the new terms. As hope for Clarity Act burns bright, the US Senate prepares for another scheduled vote. Will the Clarity Act pass this penultimate vote finally?
Last week, the crypto community expected a monumental moment to occur for the crypto market. In detail, the US Senate was to make the penultimate vote on the Clarity Act. If the Senate gave 60 votes, the Clarity Act would move to the final stage before the bill is signed into law. Unfortunately, as the vote took place, a historic moment was lost when the bill failed to get the 60 votes it needed.
In detail, the Clarity Act was short of 11 votes, leading to many crypto leaders lamenting the outcome of the vote and sharing their disappointment with the Trump administration. After all, Trump’s office all but promised the Act would pass, saying it was 95% likely. However, Elizabeth Warren gave a strong speech on the Senate floor, sharing facts on how the Trump family made billions from crypto schemes like their meme coin antics.
Given the truth about how Americans lost billions on MELANIA, TRUMP, and WLFI, while the Trump family made billions, Warren made a strong case, leading to the Act failing to pass. It is important to remember that while crypto like any other business can be used to leverage certain individuals, and this is exactly why the Clarity Act is needed, to bring regulatory clarity to the masses, to ensure more losses cannot be sustained.
https://twitter.com/CryptocapoOO/status/2101792406089642188Thus, many anticipated Trump to pull a Plan B and have his team work harder to gain the votes they needed to get the Clarity Act through the finish line. As we can see from the post above, a number of circulating posts claim that the US Senate has scheduled a vote for tomorrow at 2:15 PM ET on the Clarity Act. According to these reports, Democrats have supposedly given the green light to an updated version of the bill.
If the bill were to pass now with the amount of votes it needs, it could spark a strong bullish reaction in the crypto market. However, if the vote fails, the crypto market may face intense selling pressure. Presently, the odds of approval are currently around 51%, practically a coin flip, concludes the post. With under a day left for the vote, the crypto community tries to confirm that this is a confirmed source.
