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CLARITY Act ADVANCES AS SENATE Ag. COMMITTEE VOTES IN FAVOR Of CRYPTO BILL 🔥🔥
The Senate Agriculture Committee passed the ‘Digital Commodity Intermediaries Act’ out of committee on a party-line vote of 12 to 11, with no Democrats voting in favor of the crypto bill. This marks the first step as the Senate looks to pass the market structure legislation this year.$BTC
The passage of this portion of the CLARITY followed the crypto bill’s markup, which involved deliberations on several amendments from both Republican and Democratic committee members. The Senate Agriculture Committee’s portion of the market structure bill notably focuses on the CFTC’s regulatory authority over the crypto industry and crypto asset commodities.$ETH
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.$BNB
A U.S. government shutdown also looms by the end of the week, which could further delay the legislative process. However, the shutdown may not last long, as Trump and Senate Minority Leader Chuck Schumer are working toward a deal.
Meanwhile, the CLARITY Act has also received a major boost, with the White House set to intervene in the clash between the banking and crypto industry over some provisions in the crypto bill. CoinGape reported yesterday that the White House will meet with banking and crypto executives next Monday, a move that could lead to an agreement ahead of the Banking Committee’s markup of its portion of the crypto bill.
The Senate Agriculture Committee passed the ‘Digital Commodity Intermediaries Act’ out of committee on a party-line vote of 12 to 11, with no Democrats voting in favor of the crypto bill. This marks the first step as the Senate looks to pass the market structure legislation this year.$BTC
The passage of this portion of the CLARITY followed the crypto bill’s markup, which involved deliberations on several amendments from both Republican and Democratic committee members. The Senate Agriculture Committee’s portion of the market structure bill notably focuses on the CFTC’s regulatory authority over the crypto industry and crypto asset commodities.$ETH
Attention will now turn to the Senate Banking Committee’s portion of the crypto bill, which they have yet to markup. The markup of the crypto bill is unlikely to occur until later in February or March.$BNB
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 some provisions in the crypto bill. CoinGape reported yesterday that 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.
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