US Senate Banking Committee Discusses CLARITY Act This Week

The US Senate Banking Committee is set to discuss the CLARITY Act, a crypto market structure bill, this week. The committee chair, Senator Tim Scott, is expected to kick off the event with a fireside chat.

Negotiations have intensified around stablecoin rewards, a critical point in the ongoing discussions. Alex Thorn of Galaxy Digital's Research team has emphasized that time is of the essence, suggesting that the odds of passing the bill this year will become 'extremely low' if it fails to progress this month.