Senate Banking Committee Set to Release Amended CLARITY Act Text

The U.S. Senate Banking Committee is poised to unveil an updated version of the CLARITY Act, a legislation designed to establish a clear regulatory framework for digital assets.

Key stakeholders in the cryptocurrency industry are closely monitoring the development as they await the release of the amended text. The move marks a significant step forward for the bill, which aims to clarify which federal agency has primary authority over digital assets and reduce regulatory overlap between the SEC and CFTC.