2 weeks left for Clarity: State of Crypto

According to Coin Bureau, Bank of New York Mellon, with total assets under management of US $62.6 trillion, plans to launch all-weather token based US treasury bond settlement services in 2027, and start private blockchain pilot before the end of this year.

According to the Stand With Crypto survey, nearly 70% of cryptocurrency holders believe that a candidate's cryptocurrency stance will affect their vote, and nearly 80% say they are almost certain they will vote. 73% of respondents are concerned about the cryptocurrency policies supported by lawmakers, and 59% do not consistently support a particular political party. Supporters of cryptocurrency have contacted Congress over one million times regarding legislation. The market is paying attention to the CLARITY Act, which aims to clarify the division of responsibilities between the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) in regulating digital assets.

Kalshi data shows that Democratic Senator Lisa Rochester has a probability of over 50% of voting for the Bitcoin and Crypto Clarity Act. She stated that cryptocurrency provides opportunities for the United States and advocates for protecting consumers, supporting business, and promoting economic growth. （The Bitcoin Historian）

US senators have released a new draft of the Clarity Act, merging the two versions pushed forward by the Senate Banking Committee and Agriculture Committee, and adding ethical provisions for the first time. The ethical provisions in the new draft prohibit senior government officials from sponsoring or issuing personal cryptocurrencies, and the bill has not yet been fully pushed forward.

The Senate leaves town in two weeks. Here's what needs to happen for Clarity to advance before then.