Senate Banking Committee advances landmark crypto market structure bill, garners some Democratic support
The Block
The Senate Banking Committee voted 15-9 to advance the Clarity Act, marking a significant step toward comprehensive federal cryptocurrency regulation.Summary
The Senate Banking Committee has voted 15-9 to advance the Clarity Act, a landmark bill aimed at establishing a federal regulatory framework for the digital asset industry. The legislation seeks to divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. While the bill gained support from some Democrats, concerns remain regarding ethics provisions, conflicts of interest, and the impact of non-custodial developer protections on financial crime enforcement. The bill now heads to the full Senate, though its final passage remains uncertain as lawmakers continue to debate key amendments.
(Source：The Block)