Sen. Kennedy’s CLARITY Act Vote Locks In Senate Banking Committee Passage
BeInCrypto
Senator John Kennedy’s support ensures the Digital Asset Market CLARITY Act will pass out of the Senate Banking Committee.Summary
Senator John Kennedy has pledged his support for the Digital Asset Market CLARITY Act during the Senate Banking Committee markup. By securing Kennedy’s vote, the committee is guaranteed to pass the crypto market structure bill regardless of Democratic opposition. The agreement includes a new fiduciary duty provision for the crypto industry and the inclusion of Senator Elizabeth Warren’s housing legislation. Despite looming amendments from Democratic members regarding decentralized finance, the bill is now positioned to move to the Senate floor ahead of the Memorial Day recess.
(Source：BeInCrypto)