The Clarity Act Vote: What’s at stake for crypto?

The Senate votes on cloture for the Clarity Act on Tuesday at 2:15pm ET, and it needs 60 votes to proceed. Republicans hold 53 seats. Faryar Shirzad, Coinbase’s Chief Policy Officer, says the company feels good about almost every Republican, and on the Democrats he says only that they are “hoping we’ll make up the balance, but we’ll have to see tomorrow.” He also argues the agencies can implement much of the bill administratively if it stalls, and answers on bitcoin’s fall from last October’s high.

Featuring:
Brooke DiPalma, Host, Market Domination, Yahoo Finance
Faryar Shirzad, Chief Policy Officer, Coinbase

Coinbase has campaigned for the Clarity Act and has a direct commercial interest in its passage. Nothing here is investment advice.

Timestamps
0:00 A make-or-break vote, and what cloture actually means
0:35 Why any one senator can hold up the bill
1:05 What happens if the first vote passes
1:50 The fallback if it fails: administrative action
2:48 Crypto-backed mortgages, and who is using them
3:47 Why 67 million crypto owners matter to Coinbase
4:29 Partnerships to bring crypto to community banks
5:29 Bitcoin below $80,000, and how Coinbase answers that
5:43 Most crypto trading behaves like a mid-cap equity
6:25 Still the early innings

#CLARITYAct #Crypto #Coinbase #Bitcoin #Senate #yahoofinance

Disclosure: Yahoo Finance has a partnership with Coinbase.
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