U.S. Senate to Decide CLARITY Act’s Fate in a Week
JH Kim
Summary
- The U.S. Senate is set to decide the fate of the CLARITY Act in a week.
- The CLARITY Act is a bill aimed at reshaping the structure and regulatory framework of the U.S. digital-asset (cryptocurrency) market.
- The Senate’s decision stands to be a major turning point for SEC and CFTC oversight authority and for the buildout of the U.S. digital-asset regulatory framework.
Forecast Trend Report by Period
The U.S. Senate is set to decide the fate of the CLARITY Act, a market-structure bill for digital assets, in a week.
Cointelegraph, a cryptocurrency-focused media outlet, reported on September 8 that the Senate is scheduled to vote on the CLARITY Act on September 15.
The CLARITY Act would revamp the regulatory framework for the U.S. digital-asset market and clarify oversight authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The Senate’s decision stands to be a key turning point for the bill’s legislative path and for the buildout of the U.S. digital-asset regulatory framework.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.