U.S. Senate Agriculture Committee advances its jurisdictional portion of crypto market structure bill…12-11
JH Kim
Summary
- The U.S. Senate Committee on Agriculture said it passed the portions under its jurisdiction of the crypto-asset (cryptocurrency) market structure bill (the CLARITY Act).
- It said the vote was 12 in favor and 11 against, and was held only within the scope overseen by the Senate Agriculture Committee.
- It said the CLARITY Act, having cleared the committee hurdle, will proceed with steps toward consideration on the Senate floor.
The U.S. Senate Committee on Agriculture advanced, at the committee stage, the portions under its jurisdiction of the crypto-asset (cryptocurrency) market structure bill, the CLARITY Act.
Eleanor Terrett, host of Crypto in America, reported the news on X (formerly Twitter) on the 29th (local time). The vote was 12 in favor and 11 against.
The CLARITY Act sets out provisions to clearly define regulatory jurisdiction and market structure for crypto assets and digital assets. This vote was held only for the scope overseen by the Senate Agriculture Committee.
Having cleared the committee hurdle, the bill will proceed with steps toward consideration on the Senate floor.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
