Grayscale Presses Senate to Advance CLARITY Act Before Break
TLDR:Grayscale urged Senate leaders to schedule a CLARITY Act floor vote before the August recess, warning that regulatory delays restrict institutional participation.The House passed H.R. 3633 by 294-134, while the Senate Banking Committee advanced the measure 15-9 before sending it toward the chamber floor.Senate negotiations still cover ethics enforcement, stablecoin rewards, developer protections, and counter-terrorist-financing compliance language.Republicans hold 53 Senate seats, so supporters may need at least seven Democratic votes to clear the 60-vote procedural threshold. Grayscale has urged Senate leaders to schedule a CLARITY Act vote before lawmakers leave Washington for the August recess. The digital asset manager says delayed market rules restrict institutional participation across crypto products. Its request arrives while Bitcoin trades near $63,002, down 2.69%, with Ether near $1,863. However, no clear price move has been directly tied to the letter. Grayscale argues that pension funds, endowments, developers, and product issuers need predictable federal standards. The firm wants senators to finish negotiations covering regulatory jurisdiction, investor safeguards, stablecoin rules, and developer protections. Financial crime controls must be settled before floor time disappears. CLARITY Act Vote Push Meets a Tight Senate Calendar Grayscale addressed its request to Senate Majority Leader John Thune and Minority Leader Chuck Schumer. The company said hundreds