The U.S. cryptocurrency industry has taken another crucial step in its quest for regulatory clarity.
According to the latest news, the Clarity Act, which is crucial to the future development framework of the digital asset market, has successfully passed the review of the Senate Banking Committee.
Bipartisan support, with two Democratic senators voting in favor.
This high-stakes committee vote ultimately passed by a vote of 15 to 9 , demonstrating that the bill has, to some extent, successfully garnered bipartisan consensus.
It is worth noting that despite resistance from some strict regulatory proponents, two Democratic senators chose to cross party lines and cast crucial votes in favor of the bill. These two senators are:
- Ruben Gallego
- Angela Alsobrooks
Next step: Submit to the full Senate for review.
With its passage through the Banking Committee, the Clarity Act will next be formally submitted to the full Senate floor for comprehensive review and a final vote. If the bill ultimately passes the full Senate and completes the legislative process, it is expected to bring new regulatory guidance and market structure changes to the US decentralized finance (DeFi) and stablecoin markets. The market will closely monitor subsequent legislative developments.
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