From 24/7 Wall St. · Sam Daodu · · 1m
CLARITY Act Deadline for Crypto Regulation
CLARITY Act may not pass Senate before January 3 deadline.
In brief
CLARITY Act may not pass Senate before January 3 deadline. The CLARITY Act likely fails to pass before the new Congress takes over, leaving crypto projects like XRP and Ethereum without clear regulatory rules. Originally reported by 24/7 Wall St..
CLARITY Act Deadline
The CLARITY Act must pass the Senate by January 3, 2027, to avoid expiring with the current Congress.
“the bill already closes the token loophole democrats highlighted”
Senator Lummis' Position
Senator Cynthia Lummis claims the bill covers anything economically or functionally equivalent to a security.
“covers anything economically or functionally equivalent to a security”
Democratic Opposition
Democrats voted against the bill in September, calling it a move against President Trump.
“democrats voted against closing their own loophole”
Current Senate Vote
The bill failed in the Senate with a 50-49 vote in September, needing 60 votes to advance.
“the bill fell short in the senate with a fifty-nine vote”
Republican Need for Support
Republicans need Democratic support to end debate and pass the bill before the January 3 deadline.
“every democrat voted against the bill in september”
Crypto Market Impact
XRP trades below $1 for the first time since August, down 6.3% in 24 hours.
“xrp trades around ninety six cents”
What it means
The CLARITY Act likely fails to pass before the new Congress takes over, leaving crypto projects like XRP and Ethereum without clear regulatory rules.
