House Agriculture Committee Advances Crypto Market Structure Bill
Summary
The US House Agriculture Committee approved the Digital Asset Market Clarity, or CLARITY, Act with a 47-6 vote, advancing it in Congress. The bill aims to establish a regulatory framework for digital assets, clarifying whether certain investment vehicles fall under the SEC or CFTC. Committee Chair GT Thompson announced the bill's progression to the House for consideration, allowing members to submit opposing views by Friday. Concurrently, the House Financial Services Committee debated an amendment for blockchain developer protections. The Senate is also expected to vote on the GENIUS Act, focusing on regulating payment stablecoins.
