Clarity Act vote 'extremely close,' crypto council says

Ji Kim of the Crypto Council for Innovation drew an optimistic read from the recent Clarity Act floor vote, saying the measure came "very, very close" to passing — a sentiment he says he's heard from both Republicans and Democrats. Kim called the near-miss "extremely, extremely optimistic" for future crypto market-structure legislation.

The Clarity Act (the Market Clarity Act, or the wider stability/regulation package) is a U.S. bill that would clarify which digital assets counts as securities and give the CFTC and SEC clearer jurisdictional roles. The comment, amplified on Avalanche's X account, framed the close vote as momentum for onchain finance regulation despite the bill not clearing the chamber.