Senate to Debate CLARITY Act for Crypto Market Next Week

US lawmakers are working to finalize the CLARITY Act, aimed at providing clear regulatory guidance for digital assets. Senate Banking Committee Chairman Sen. Tim Scott announced that the Senate will debate the bill next week, with a committee vote expected soon after.

Senate Vote Scheduled

The bill seeks to define federal agency roles in regulating different parts of the crypto market.
Provisions include oversight sharing between the SEC and CFTC, and consumer protections.
Key unresolved issues include rules for decentralized finance, stablecoin yields, and enforcement by multiple regulators.

Market reactions have been evident, with https://holder.io/coins/btc/ reaching $93,000 before dropping to around $86,729 due to legislative delays.

If passed by the Senate, the bill will be sent to President Donald Trump for signature, following House approval last year. Lawmakers emphasize the importance of a transparent voting process to advance negotiations.