US GOP Senate Banking Committee Delays Release of Draft CLARITY Act

Source
Suehyeon Lee

Summary

  • The Republican Members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs have postponed the release of the draft of the CLARITY Act, a market structure bill for virtual assets.
  • The committee stated they plan to review releasing the draft after examining the outcome of discussions in the House and once the situation becomes clearer.
  • This decision was reportedly due to internal disagreement among Republicans regarding the inclusion of a ban on central bank digital currency (CBDC).
Photo=Republican Members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs
Photo=Republican Members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs

The Republican Members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs (Banking GOP) have reportedly postponed the release of a preliminary draft of the 'CLARITY Act', a market structure bill for virtual assets (cryptocurrencies) that was originally scheduled.

On the 17th (local time), Eleanor Terrett, the host of Crypto in America, cited sources familiar with the matter and stated, "The Republican Members of the Senate Banking Committee plan to review the release of the draft after first observing the outcome of discussions in the House, and will reconsider once the situation becomes clearer."

This decision comes amid internal disagreement among Republicans over whether to include a provision banning central bank digital currency (CBDC) in the CLARITY Act.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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