PiCK
Revised CLARITY Act Text Nears Release as Crypto Industry Watches Senate Draft
Suehyeon Lee
Summary
- A revised version of the CLARITY Act, a US digital-asset market structure bill, appears close to release.
- The crypto industry is watching for Senate Banking Committee Republicans to unveil new legislative text.
- The market is also watching whether the revised bill reflects stablecoin regulation and conflict-of-interest provisions, which could significantly affect its chances of passing the full Senate.
Forecast Trend Report by Period
A revised version of the CLARITY Act, a US bill aimed at setting the market structure for digital assets, appears close to release.
Eleanor Terrett, host of CryptoAmerica, wrote on X on May 11 that the crypto industry is watching for Senate Banking Committee Republicans to unveil new legislative text. Based on the release of an earlier amendment in January, the new draft will probably be released before midnight Eastern Time, she wrote.
The market is focused on how the revision addresses key issues, including stablecoin regulation and conflict-of-interest provisions. Those details could materially affect the bill's chances of passing the full Senate.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
