CLARITY Act clears Senate Banking Committee with bipartisan support

The CLARITY Act has advanced through the Senate Banking Committee with a 15-9 bipartisan vote, marking a major milestone for U.S. crypto regulation. The legislation aims to resolve long-standing jurisdictional friction by assigning oversight of token offerings to the SEC, while the CFTC will regulate the spot trading of sufficiently decentralized digital commodities. Additionally, the bill includes specific provisions for stablecoins that prioritize payment utility over yield-bearing products. While the bill faces potential amendments regarding consumer protections, its passage through the committee suggests a growing momentum toward a formal U.S. regulatory framework for digital assets.

(Source：Crypto Briefing)