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#ClarityActFinalStretch The US Crypto Bill Is Closer Than It's Ever Been
200+ firms across trading, VC, and payments infrastructure just signed an open letter calling on the Senate to bring the Digital Asset Market Clarity Act to a full floor vote. The names on that letter read like a who's who of the industry. The bill already cleared the Senate Banking Committee 15-9 on a bipartisan vote, and Sen. Lummis is publicly calling it "on the 5-yard line."
Simultaneously, the House Ways and Means Committee ran hearings on seven crypto tax proposals: de minimis exemptions for small transactions, staking income treatment, stablecoin payment rules, and Wash Sale reform. That last one is significant. The current Wash Sale exemption is one of the main ways crypto is treated differently from equities, and changing it would reshape how a lot of traders and funds manage their books.
What stands out isn't any single move. It's the synchronization. Both chambers are moving at the same time, with industry coalitions applying coordinated pressure. That alignment is rare in DC, and it suggests this cycle may actually be different from the attempts that died in committee before.
Whether the final bill survives floor amendments and election-year scheduling is still an open question.
But the infrastructure for a real vote is in place in a way it genuinely hasn't been before.
Is this the regulatory clarity moment the industry has been pushing for, or another near-miss?
Share your thoughts in the comments 👇
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