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Senate Banking Committee Marks Up CLARITY Act
Description
The Senate Banking Committee is set to markup the CLARITY Act this Thursday, a significant crypto market structure bill aimed at clarifying digital asset rules. Despite delays, the bill is moving forward, with Democrats pushing for ethics rules to secure their votes on the Senate floor. The bill, which covers both securities and commodities laws, has already passed the Senate Agriculture Committee. Stablecoin yields deal and bipartisan talks are expected to help push the bill forward. Crypto advocates are optimistic, but ethics reforms could potentially derail the bill. Keep an eye on the Senate floor for the final vote.
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