Patrick Witt, a White House crypto adviser, said in an X post that Senate negotiations on the CLARITY Act have stalled after Chuck Schumer and so-called pro-crypto Democrats blocked a procedural vote. He warned that the bill's chances of passing would drop sharply if it fails to advance by Sept. 15.
White House crypto adviser Patrick Witt said in a post on X that Congress has spent years pushing for crypto market structure legislation, and the Senate has been negotiating the CLARITY Act since last summer.
Over the past week, however, Chuck Schumer and so-called "pro-crypto Democrats" blocked a procedural vote before the recess and demanded further delay. Witt warned that if the bill fails to advance by September 15, its chances of passage in the future would fall significantly.
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