Senate Crypto Clash Shifts to $25M Audit Rule After CLARITY Vote Collapse

TLDR: CLARITY’s final draft requires independent audits once crypto projects raise more than $25 million publicly. The Senate’s September 15 cloture vote failed 49-50, leaving the broader crypto market bill stalled. Lummis says the $25M audit threshold was a Democratic request included in the final 635-page Senate draft. Democrats said unresolved ethics, illicit-finance and enforcement [...]

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