Crypto bill vote faces Senate hurdles

The Senate Banking Committee is scheduled to vote on the Clarity Act, a significant piece of crypto legislation, this Thursday. Despite objections from both banking groups and some Democrats, the bill is moving forward. However, TD Cowen analysts indicate that substantial obstacles remain, suggesting the path to final passage, even in the full Senate, will be challenging. The outcome of this vote is crucial for the future regulatory landscape of the cryptocurrency industry in the United States.