Crypto’s biggest week ever? Swarm fears prompt AI slowdown: Hodler’s Digest
Crypto’s moment of CLARITY finally arrives with a key Senate vote on Tuesday. AI swarm fears prompt development slowdown, with some predicting big falls in AI stock prices. The CLARITY act heads for a crucial Senate vote on September 15, with Politico reporting that Democrat senators were called to a meeting on Sunday by Minority Leader Chuck Schumer to discuss their position. While Polymarket puts the odds of CLARITY becoming law this year at just 24%, the odds of there being 60 votes in favor of the cloture vote on Tuesday are higher, as it would simply move the bill into the amendment and debate phase. That’s where the rubber would hit the road on issues that have drained support so far including ethics provisions for elected officials, stablecoin yield, and protections for decentralized developers.