Senate Committee Advances CLARITY Act with Bipartisan Vote

The U.S. Senate Banking Committee has taken a significant step towards regulating the digital asset market with its recent vote on the CLARITY Act.

The bill, which aims to establish a dedicated regulatory framework for digital assets, was passed by the committee in a bipartisan 15-9 vote.

The legislation would clarify the jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), providing a clear path for blockchain networks to operate within compliance.