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congress
9 stories
House tax panel advances first federal crypto tax bill as Senate's Clarity Act stalls
The House Ways and Means Committee voted 38-5 on September 16 to advance the Digital Asset Tax Certainty Act, the first federal tax framework for crypto, a day after the Senate's Clarity Act failed a procedural vote.
Clarity Act's Senate Odds Crater as Both Sides Deadlock Hours Before Cloture Vote
The Clarity Act's near-term prospects collapsed on prediction markets Tuesday as Republicans rejected Democrats' counteroffer hours before a Senate cloture vote, with Polymarket's odds for 2026 passage falling to 14% from about 30% a day earlier.
Betting Markets Turn Bullish on the Clarity Act. A Cloture Vote — and the Math — Say Not So Fast
Prediction-market odds on the U.S. Clarity Act jumped ahead of a Tuesday Senate cloture vote, even as a TD Cowen analyst kept passage chances at 25% and 17 state attorneys general urged senators to reject it.
Clarity Act vote slips to September as Senate leaves for recess
Senate Majority Leader John Thune says the Senate will not vote on the Clarity Act before its August recess, pushing the crypto market structure bill's procedural vote to mid-September.
Crypto lobby and sheriffs' group trade letters over Clarity Act's DeFi carve-out, with days left before recess
The Blockchain Association wrote to Senate leaders on Monday disputing the National Sheriffs' Association's claim that the Clarity Act would exempt DeFi from anti-money-laundering rules, days before an August recess.
NY Attorney General James tells Senate the CLARITY Act would 'dilute' states' power to prosecute crypto fraud
New York AG Letitia James told a Senate subcommittee the CLARITY Act would preempt state investor-protection laws and weaken fraud prosecution, as backers push for a Senate floor vote before the August recess.
Trump signs off on crypto ethics language — then hands enforcement to the DOJ, and Democrats balk
President Trump agreed to ethics language barring federal officials from issuing digital assets, but a fight over whether the DOJ or state attorneys general enforce it now threatens the Clarity Act before the Senate's August 7 recess.
CLARITY Act's odds hit a record low on Polymarket as Senate ethics fight drags
Polymarket traders now give the CLARITY Act just a 32% chance of becoming law this year — a record low — as Senate talks stall over a bipartisan ethics provision.
CFTC's Selig presses Senate on Clarity Act, warns regulators will fill the vacuum
CFTC Chair Michael Selig urged the Senate to pass the crypto market-structure Clarity Act before its August recess, warning that regulators would otherwise set the rules by default after Congress missed a July 4 target.