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Senate Passes Crypto Market Structure Bill with Bipartisan Support

Senate Passes Crypto Market Structure Bill with Bipartisan Support

Published 1 week, 4 days ago
Description

The Clarity Act, a significant crypto market structure bill, has passed the Senate Banking Committee with bipartisan support, paving the way for a full Senate vote. The bill, which includes seven amendments, has gained backing from both Democrats and Republicans, marking a significant milestone as no market structure bill has ever cleared this committee before. However, ethics rules and developer safeguards remain contentious issues, with banks and traditional finance groups stepping up their lobbying efforts. The bill must now be reconciled with the Agriculture Committees version, with President Trump aiming for it to reach his desk by July 4th.

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