LATEST: 🇺🇸 Anthony Scaramucci says if the CLARITY Act doesn't get to the Senate floor, it "dies a brutal death" and crypto firms will start building offshore.

What happened

Anthony Scaramucci warned that if the CLARITY Act does not reach the Senate floor, it will die a brutal death, prompting crypto firms to consider moving operations offshore.

Confirmed

Global impact / market context

The act’s outcome could shape U.S. crypto regulation, affecting where firms locate their operations, their compliance costs, and the overall attractiveness of the U.S. market for digital asset businesses.

Analyst inference

The CLARITY Act, a proposed U.S. law aimed at regulating crypto, is awaiting Senate consideration. Its progress influences how crypto companies operate within the United States.

Confirmed

What to watch

1. Whether Senate leadership schedules a vote on the CLARITY Act in the coming weeks, which would determine its legislative fate. Analyst inference
2. Crypto companies' announcements about relocating or establishing offshore subsidiaries if U.S. regulation remains uncertain. Analyst inference
3. Potential reactions from other regulators or lawmakers introducing alternative crypto legislation in response to the CLARITY Act’s status. Analyst inference

Evidence

• x.com