PiCK
US Senate Republican leader: "Unlikely for the CLARITY Act to clear the Banking Committee before April"
JH Kim
Summary
- Senate Republican Leader John Thune said it would be difficult for the CLARITY Act to clear the Senate Banking Committee before April.
- He said the CLARITY Act includes provisions to overhaul the virtual-asset market’s regulatory framework and clarify oversight authority for digital assets.
- He added the remarks are interpreted as suggesting the bill’s review schedule could be delayed beyond expectations.
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Concerns have emerged that the timeline for discussions on the CLARITY Act, a US Senate bill to regulate virtual assets (cryptocurrencies), could be delayed.
On 12 (local time), Eleanor Terrett, host of Crypto in America, said via X (formerly Twitter) that Senate Republican Leader John Thune stated it would be difficult for the bill to pass the Senate Banking Committee before April.
The CLARITY Act is designed to overhaul the regulatory framework for the virtual-asset market, and includes provisions to clarify oversight authority for digital assets.
The remarks are interpreted as suggesting the bill’s legislative review schedule could slip beyond expectations.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
