US Senate Banking Committee Votes to Advance Crypto Market Structure Bill
Cointelegraph
The US Senate Banking Committee voted to advance the CLARITY Act, a crypto market structure bill, amid partisan debate over regulation and industry influence.Summary
The US Senate Banking Committee has voted to advance the Digital Asset Market Clarity Act (CLARITY), a legislative effort aimed at establishing regulatory frameworks for digital assets. The committee approved the bill with support from all 13 Republicans and two Democrats, despite significant opposition from other Democratic members who raised concerns about industry influence and ethics. The legislation seeks to clarify the roles of the SEC and CFTC in crypto oversight. Following its advancement, the bill is expected to move toward a full Senate floor vote. If passed, it will require subsequent approval from the US House of Representatives before reaching the president.
(Source：Cointelegraph)