U.S. senators lament failure to win bipartisan support, yet, on crypto Clarity Act
CoinDesk
U.S. senators debated the Digital Asset Market Clarity Act, acknowledging ongoing partisan rifts while aiming to advance the crypto market structure legislation.Summary
The U.S. Senate Banking Committee held a markup hearing to advance the Digital Asset Market Clarity Act, a major effort to establish crypto market structure regulations. Despite extensive negotiations, lawmakers remained divided along partisan lines, with Republicans pushing for the bill's advancement and Democrats, led by Elizabeth Warren, expressing concerns over investor protection and securities law integrity. Chairman Tim Scott and Senator Cynthia Lummis emphasized that the legislative process is ongoing, noting that even if the bill moves forward on a party-line vote, efforts to reconcile remaining issues like DeFi regulation and ethics provisions will continue.
(Source：CoinDesk)