Clarity Act, in the flesh, unveiled by U.S. Senate Banking Committee before hearing
The draft includes stablecoin rules and money-laundering provisions as negotiators leave a conflict-of-interest section for later.
- The Senate Banking Committee unveiled the Digital Asset Market CLARITY Act text just after midnight Tuesday, putting the manager's amendment in public view 48 hours before Thursday's scheduled markup at 10:30 a.m.
- Chairman Tim Scott, Subcommittee Chair Cynthia Lummis, and Senator Thom Tillis jointly released the bill after over a year of negotiations, incorporating the Tillis-Alsobrooks stablecoin compromise and new insider trading provisions.
- Legislation maintains protections for decentralized finance developers and includes the Blockchain Regulatory Certainty Act provisions; Lummis called the text "nearly a year of bipartisan, blood, sweat, and tears" for industry clarity.
- On Friday, the American Bankers Association, Bank Policy Institute, and Independent Community Bankers formally rejected the stablecoin yield compromise in a joint letter, continuing to push for tighter language before the vote.
- Senate Democrats, led by Ranking Member Elizabeth Warren and Senator Kirsten Gillibrand, refuse to allow passage without ethics provisions barring senior officials from profiting off crypto; the White House targets July 4 signing, though Gillibrand predicted early August completion.
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Senate Banking Committee Releases CLARITY Act Bill Text Hours Before Thursday's Markup
The U.S. Senate Banking Committee unveiled the latest text of the Digital Asset Market CLARITY Act just after midnight Tuesday, putting the manager’s amendment in public view 48 hours before the committee’s scheduled markup on Thursday, May 14, at 10:30 a.m. ET. Chairman Tim Scott (R-SC), Subcommittee on Digital Assets Chair Cynthia Lummis (R-WY), and Senator Thom Tillis (R-NC) jointly released the bill text along with a section-by-section summa…
Senate Banking Panel Releases CLARITY Act Draft Ahead of Thursday Markup
The post Senate Banking Panel Releases CLARITY Act Draft Ahead of Thursday Markup appeared on BitcoinEthereumNews.com. In brief Senate Banking Republicans released the draft text of the crypto market structure bill Wednesday ahead of a key committee vote on Thursday. Two provisions, a January 1, 2026 ETF cutoff and a 60-day auto-certification window, would sharply limit the SEC’s jurisdiction over digital assets. The current draft draws a cleare…
U.S. Senate Banking Committee Drops Full Clarity Act Text Before Key Hearing
U.S. Senate Banking Committee Drops Full Text Before Key Hearing The crypto world just got a big update. Late Monday night, the U.S. Senate Banking Committee released the full text of the . This bill aims to bring the entire U.S. crypto industry under clear rules. It happened right before a major hearing this week that could move things forward. Crypto fans and experts stayed up late to see this 309-page document. They had peeked at early versio…
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