TD Cowen gives the Clarity Act just a 1-in-4 shot this September

TD Securities estimates the Clarity Act, a crypto market structure bill, has only a 25% chance of becoming law in September, citing potential procedural hurdles and Democratic opposition. The bill's path forward is described as difficult, with a 75% probability of failure. Key points of contention include amendments related to ethics and anti-money-laundering provisions.

Published 3 months agoArticle tone: Negative

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Entities
Topic: Cryptocurrency Regulation
Company: Goldman Sachs
Company: Fidelity
Company: TD Securities
Topic: Legislation

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