#clarity act

Citigroup CEO Jane Fraser has said that while some improvements need to be made to the crypto Clarity Act, the bank wants a "good bill to go through."

The Senate postponed the Clarity Act vote until September, giving lawmakers extra weeks to resolve disputes and secure the 60 votes needed for advancement.

There has reportedly been some movement on ethics provisions in the Clarity Act, the bill that aims to provide legal clarity for cryptocurrencies, but

Coinbase's Ryan VanGrack said the Clarity Act is gaining strong Senate momentum and argued it would bring long-awaited federal rules, stronger consumer protections, and regulatory clarity to the crypto industry.

President Trump will meet senators as negotiations over the CLARITY Act's ethics provisions threaten the bill's chances of passing before the August recess.