Loading...
CtrlK
On May 14th local time, the United States Senate Banking Committee passed the CLARITY Act with 15 votes in favor and 9 votes against, and the bill was submitted to the full Senate for a vote. The bill received support from both parties, with 13 Republican committee members unanimously in favor, Democratic lawmakers Warner and Alssobrooks supporting it across parties, and 9 people including Warren opposing it. The bill aims to clarify the regulatory responsibilities of the SEC and CFTC for digital assets. It was passed by the House of Representatives in July 2025 with a vote of 294-134, and after a full Senate vote, it needs to be merged with the Agriculture Committee version before being submitted to the President for signature. The Trump administration aims to complete legislation by July 4th.