PiCK
US House Ready to Fast-Track CLARITY Act if Senate Moves Ahead Before August Recess
Summary
- The US House said it is prepared to accelerate work on the CLARITY Act, a digital-asset market structure bill.
- Subcommittee Chairman Dusty Johnson said the House would move quickly if the Senate takes up the CLARITY Act in the coming weeks.
- The CLARITY Act would clarify the legal status of digital assets and separate the oversight roles of the SEC and CFTC, a change the industry expects would reduce regulatory uncertainty in the US crypto market.
Forecast Trend Report by Period
The US House is prepared to move quickly on the CLARITY Act, a digital-asset market structure bill.
Eleanor Terrett, host of CryptoAmerica, reported on June 18 that Dusty Johnson, chairman of the House Agriculture Committee’s digital assets subcommittee, said the House would act swiftly if the Senate takes up the bill in the coming weeks.
The House is ready to move quickly to pass the CLARITY Act before Congress begins its August recess, he added.
The bill would clarify the legal status of digital assets and divide oversight authority between the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Industry participants expect the measure to ease regulatory uncertainty in the US crypto market if it becomes law.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
