Congress Is Taking the CLARITY Act to New York: What It Changes for Bitcoin, Ethereum, and XRP
House lawmakers will hear industry testimony on a bill that would lock crypto oversight rules into federal law and leave the Senate about seven votes short.
- A House subcommittee will hold a field hearing in New York on July 17 regarding the CLARITY Act, though the event is for testimony rather than a vote.
- Legislative action shifts to the Senate after the House passed the CLARITY Act last year by a 294-134 margin with Democratic support, clearing the way for commodity classification.
- Bitcoin, Ethereum, and XRP would be codified as federal commodities under the bill, preventing a future SEC from reversing the current March 2026 regulatory interpretation.
- Permanent classification firms up Bitcoin's market structure, locks Ethereum staking yields at around 3% annually, and closes XRP's five-year security question.
- Senators must schedule a floor vote before August recess; if the bill slips past that deadline, passage risks stalling into the midterms and beyond.
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Cryptocurrency News | Cryptocurrency Prices | Market CapCongress Is Taking the CLARITY Act to New York: What It Changes for Bitcoin, Ethereum, and XRP
The post Congress Is Taking the CLARITY Act to New York: What It Changes for Bitcoin, Ethereum, and XRP appeared first on 24/7 Wall St..This July, lawmakers are taking the CLARITY Act to New York for a hearing, and it’s being billed like the day U.S. crypto rules finally arrive. The CLARITY Act is the big market-structure bill, the one meant to settle which regulator is in charge of crypto and whether a token counts as a commodity or a security.…
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