PiCK

U.S. Senate Banking Committee Chair: “Clarity Act has secured bipartisan support…only industry alignment remains”

Source

Doohyun Hwang

Summary

The Clarity Act, a U.S. crypto market structure bill, has secured bipartisan support and has entered the final stage of the legislative process.
Senate Banking Committee Chairman Tim Scott said both Republicans and Democrats have confirmed bipartisan support for the Clarity Act.
The last obstacle blocking the legislation is consensus within the industry, and he said he is continuing close communication with key players.

Forecast Trend Report by Period

The Clarity Act—a crypto market structure bill that would lay the institutional groundwork for the U.S. digital-asset market—has secured bipartisan backing in Congress, entering the final stage of the legislative process. While partisan differences over key issues have been resolved, aligning competing interests within the crypto industry is expected to be the last hurdle.

According to Cointelegraph on the 26th (local time), Senate Banking Committee Chairman Tim Scott said, “Both Republicans and Democrats have confirmed their bipartisan support for the Clarity Act,” adding that “the last obstacle currently blocking legislation is consensus within the industry.”

Scott suggested he is maintaining close communication with key players to accelerate the bill’s progress. “Last night I spoke with Coinbase,” he said, adding, “All market participants are still at the negotiating table, and discussions are positive.”