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Crypto Bill Faces Senate Hurdle Amidst Partisan Tensions

Crypto Bill Faces Senate Hurdle Amidst Partisan Tensions

Author:

Global Cryptocurrency

Published:

2025-10-24 19:24:02

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BTCCSquare news:

U.S. Senate discussions on the CLARITY Act have reached an impasse as partisan tensions escalate. Democratic senators sharply criticized crypto CEOs during a Capitol Hill meeting, accusing them of aligning too closely with Republican interests. The bill, designed to establish a regulatory framework for digital assets, now faces uncertain prospects.

Coinbase CEO Brian Armstrong described the talks as productive despite visible discord, pointing to bipartisan support as a potential catalyst for progress. Republican Senate Banking Chair Tim Scott stressed the urgency of advancing the bill through committee, underscoring the deepening divide over its timeline.

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