Talks bout di CLARITY Act kollaps as Senate vote near
US Senate Banking Committee dey plan to mark up the CLARITY Act on May 14. But di bipartisan talks end last night without any final deal.
Sen. Cynthia Lummis talk say dem don agree for 99% of the CLARITY Act text. The remaining 1% jam for ethics and conflict-of-interest rules, including demand to clear rules wey involve the “First Family.” Another fight later block progress: wording related to the Blockchain Regulatory Certainty Act (BRCA), wey aim to protect non-custodial software developers from money-transmitter prosecution.
With no bipartisan cover, five pro-crypto Democrats for the committee go vote now as the CLARITY Act decision near. Traders likely go focus on whether dem go back the “99%” compromise or push for more changes.
Market context: total crypto market cap dey near $2.62T after rebound, but price still capped around the $2.65T–$2.75T resistance zone. The regulatory headline supportive for medium term, but the lack of agreement fit keep short-term volatility high until amendments clear on CLARITY Act and BRCA provisions.
Neutral
CLARITY Act dey move go committee vote for May 14, we fit be medium-term plus for regulatory clarity. But di latest update show short-term political stalemate: ethic/conflict rules and BRCA-related changes never settle yet, so outcome still uncertain. Immediate trading implication na headline-driven risk window—support fit show if more pro-crypto Democrats back di 99% compromise, but any amendments or opposition fit trigger volatility. Until votes and amendment language clear well, di net effect for crypto prices likely neutral, no clear bullish or bearish.