Summary
- The US digital-asset market structure bill, the CLARITY Act, passed a markup in the Senate Banking Committee.
- The bill will proceed to a full Senate vote after jurisdictional coordination and consolidation with the Senate Agriculture Committee.
- Market participants say final passage of the CLARITY Act could affect greater institutional capital inflows, spot ETFs, and growth in the real-world asset tokenization (RWA) market.
Forecast Trend Report by Period
The CLARITY Act, a US digital-asset market structure bill, has cleared a markup in the Senate Banking Committee, marking another step toward a formal regulatory framework for cryptocurrencies in the US.
CoinDesk reported on May 14 that the bill passed the Senate Banking Committee's legislative review and voting process, known as a markup.
Lawmakers debated and voted on dozens of amendments related to the bill's detailed provisions during the session.
The measure will next go through jurisdictional coordination and consolidation with the Senate Agriculture Committee before advancing to a full Senate vote.
Previously released amendments included provisions allowing some stablecoin rewards while limiting deposit interest, protecting DeFi developers, and clarifying the jurisdictional lines between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Debate in Congress has recently centered on anti-money laundering rules, conflicts of interest involving public officials, and standards for classifying digital assets.
Market participants say final passage of the CLARITY Act could spur greater institutional inflows and influence the growth of spot ETFs and the real-world asset tokenization, or RWA, market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
