finance
Senate Banking Committee Advances Clarity Act on Digital Assets
The Senate Banking Committee passed a markup of the Clarity Act on May 17. The measure addresses regulatory definitions for digital assets. Committee action follows ongoing debate over cryptocurrency oversight.
May 18, 6:27 AM·1m read1 source
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The Senate Banking Committee advanced a markup of the Clarity Act on May 17. The legislation seeks to establish clearer regulatory definitions for digital assets. Committee members reviewed provisions related to oversight and compliance requirements.
The markup passed during a session focused on cryptocurrency policy. Lawmakers discussed how the measure would affect existing regulatory frameworks. The committee did not release a final vote tally in the report.
Warren has continued to oppose aspects of cryptocurrency regulation. BlackRock and other firms have invested in Circle's ARC token. Bermuda has moved portions of its economy onto blockchain systems.
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