Tag: Regulation

Senate Banking Committee advances CLARITY Act 15-9 with two Democrats joining Republicans. Bill provides clearer SEC/CFTC jurisdiction split, digital commodity classifications, and DeFi protections. Next steps include merger with Agriculture Committee bill and full Senate vote requiring 60 votes. Market reaction positive, with Bitcoin reclaiming $81,000 and XRP/DOGE surging. The U.S. Senate Banking Committee advanced the...

Senate Banking Committee schedules May 14 markup for the CLARITY Act, the comprehensive digital asset market structure bill. Industry stakeholders express optimism as negotiations address jurisdiction, consumer protections, and stablecoin yield issues. Progress follows months of delays, positioning the bill for potential floor action in the coming months. The U.S. Senate Banking Committee is set to hold a markup session on...

White House targets July 4 passage of the Clarity Act for broad U.S. crypto market structure legislation. Senate Banking Committee markup planned for May, with floor action in June to allow House reconciliation. Stablecoin yield compromise deemed closed; ethics provisions under discussion to address conflicts of interest. Bill would clarify CFTC vs. SEC jurisdiction, exempt compliant digital asset sales, and include safeguards...