U.S. House Agriculture Committee Advances CLARITY Act

Bill backed by Rep. Dusty Johnson to regulate digital assets makes it out of U.S. House committee

WASHINGTON — A bipartisan bill cosponsored by U.S. Rep. Dusty Johnson, R-S.D., to establish clearer regulations for digital assets passed out of a House committee Monday. The legislation, known as the Digital Asset Market Clarity Act, aims to create a framework for the regulation of digital assets, such as cryptocurrencies, and the firms that deal in them. The bill was introduced to address what Johnson calls uncertainty in the oversight of bloc…

U.S. House Agriculture Committee Advances CLARITY Act

The U.S. House Agriculture Committee has advanced a major cryptocurrency market structure bill known as the Digital Asset Market Clarity (CLARITY) Act with strong bipartisan support.  The committee voted 47-6 on Tuesday in favor of advancing the legislation, which aims to establish a clear regulatory framework for digital assets in the U.S. This story is an excerpt from the Unchained Daily newsletter.   To get these updates in your email for fre…

Lawmaker Seeks Full Crypto Conflict Ban for Congress, White House, Agencies

Congressman Himes proposes ethics overhaul barring federal officials and families from profiting via digital asset conflicts of interest. Lawmaker Unleashes Ethics Overhaul Targeting Digital Asset Conflicts of Interest U.S. Congressman Jim Himes (D-CT) proposed a significant expansion of ethical safeguards on June 11 during a legislative session in Washington, presenting an amendment to the CLARITY...

CLARITY Act Advances, Aims to Define U.S. Crypto Regulation

A new bill that aims to clean up crypto regulation in the U.S. is charging through Congress. The CLARITY Act just cleared two key House committees with bipartisan support, setting the stage for a possible full vote. It’s designed to finally answer the question that’s been plaguing the industry for years: Who’s in charge, the SEC or the CFTC? But not everyone’s convinced this bill is the solution. Some Democrats are worried it might do the opposi…

Crypto Regulation Measure Advances in the House

Two committees in the House of Representatives voted this week to advance the so-called CLARITY Act intended to create a formal regulatory framework for

Rep. Lucas' Financial Innovation Bill passes out of committee

Congressman Frank D. Lucas, an Oklahoma Republican, saw his bill, H.R. 3690, pass out of the House Financial Services Committee and advance to the House floor. The Securing Innovation in Financial Regulation Act seeks to codify the Office of the Strategic Hub for Innovation and Financial Technology at the Securities and Exchange Commission and the LabCFTC at the Commodity Futures Trading Commission. Congressman Frank Lucas (Courtesy photo.) “A t…