Breaking: CLARITY Act Advances as Senate Ag. Committee Votes In Favor Of Crypto Bill

Today

The CLARITY Act has achieved a major breakthrough after the Senate Agriculture Committee passed its portion of the crypto bill during today’s markup. However, the bill failed to get bipartisan support, with Republicans using their majority to pass the bill.

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Attention will now turn to the Senate Banking Committee’s portion of the crypto bill, which they have yet to markup. The markup of the crypto bill is unlikely to occur until later in February or March.

A U.S. government shutdown also looms by the end of the week, which could further delay the legislative process. However, the shutdown may not last long, as Trump and Senate Minority Leader Chuck Schumer are working toward a deal.

Meanwhile, the CLARITY Act has also received a major boost, with the White House set to intervene in the clash between the banking and crypto industry over the stablecoin yield ban provision in the crypto bill. The White House will meet with banking and crypto executives next Monday, a move that could lead to an agreement ahead of the Banking Committee’s markup of its portion of the crypto bill.

https://coingape.com/clarity-act-advances-as-senate-ag-committee-votes-in-favor-of-crypto-bill/