Japan's crypto overhaul and the widening gap with the US: what to watch
Japan has moved crypto under securities rules and plans a 20% tax rate, but ETFs and lower taxes are not yet in force; the US still leads.
Connor Brown discusses the Clarity Act's Senate cloture vote, the 7-9 Democratic votes needed, and the bill's key compromises.
Will the Clarity Act Pass the Senate? | Connor Brown, Bitcoin Policy Institute
The Clarity Act is at a critical juncture as the Senate moves toward a cloture vote, which needs 60 votes but Republicans hold only 53 seats. Connor Brown, who leads the Bitcoin Policy Institute and previously worked on the Senate staff, explains why 7 to 9 Democrats must support the measure and what could happen to digital asset oversight if they do not. He reviews Senator Cynthia Lummis' revised proposal, the approximately 120 compromises embedded in it, and the ethics clause adjustment that reached roughly 80% of the target. Brown also discusses BPI's broader focus on open source AI and its implications for Bitcoin security.
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