MCSA Takes Neutral Stance on CLARITY Act as Bill Still Needs 60 Senate Votes Before August Recess

MCSA shifted to a neutral stance on the CLARITY Act following discussions around Section 604, while the bill still requires 60 votes in the Senate before the August recess. According to NS3.AI, the group also asked Congress to establish a formal role for state and local entities in a Treasury study and in related advisory bodies tied to that work. Separately, Galaxy Research recently reduced its estimated odds of the bill passing to 50%.