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Senate Advances Crypto Clarity Bill
Published 1 week, 5 days ago
Description
The Senate Banking Committee passed the Digital Asset Market Clarity Act, or CLARITY, a bill aimed at establishing rules for crypto markets between the SEC and CFTC. The vote was 15-9, with Republicans and two Democrats supporting it. The bill was praised for consumer protection and innovation, but criticized for favoring the crypto industry. It now heads to the full Senate floor for a vote.
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