JUST IN Republicans REJECT Democrats Clarity Act Counterproposal Before Senate Vote!
Kalshi (Partner)
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Republicans rejected Democrats’ last-minute Clarity Act counterproposal heading into today’s Senate cloture vote. I’m breaking down why Senators Tim Scott and Cynthia Lummis say it is now or never, why Mark Warner and Elizabeth Warren say the ethics language still is not enough, and the closing push from the White House, Treasury Secretary Scott Bessent, Ripple CEO Brad Garlinghouse, and Coinbase CEO Brian Armstrong. The bill needs 60 votes just to start debate, and Kalshi’s prediction market still give passage a long shot this year.
I’m also covering the XRP Ledger sitting one validator vote from its next payments upgrade, Grayscale’s new model portfolio putting 42% in ETH and 26% in XRP, Ethereum’s shrinking exchange supply, Solana raising its transaction size limit, and the House Financial Services Committee taking up the Strategic Bitcoin Reserve on Wednesday as the Fed meets with the 10-year near 5% and oil back above $100.
Smash like, tell me what you’re watching in the comments, and subscribe so you don’t miss the vote.
00:00 HI BABE xxx
02:08 Senate Releases Final CLARITY Act Text
03:05 CLARITY Act Developer Protections and BRCA
04:55 Ripple CEO Urges Yes Vote on CLARITY Act
06:27 Democrats Push Back on CLARITY Act Ethics Provisions
07:13 Mitch McConnell Returns to Vote on CLARITY Act
09:30 Senators Schiff and Gallego on CLARITY Ethics Language
11:42 CLARITY Cloture Vote Is Not Final Passage
13:03 White House Closing Argument on CLARITY Act Text
14:05 Republicans Dismiss Democrat CLARITY Act Counteroffer
16:15 Elizabeth Warren Calls CLARITY Act a Risk
17:50 Tillis and Lummis: Now or Never on CLARITY Act
19:32 Strategic Bitcoin Reserve Bill Markup Tomorrow
20:00 Kalshi (Partner)
20:39 Bitcoin and Crypto Market Update
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