The Republican-led Senate Banking Committee on Thursday advanced a long-awaited cryptocurrency regulation bill - The CLARITY Act, marking a significant step forward for the digital asset industry after months of disagreements between crypto firms and banks.
The legislation, known as the Clarity Act, received support from all Republican members of the committee along with two Democrats — Arizona Senator Ruben Gallego and Maryland Senator Angela Alsobrooks — and will now move to the full Senate for further debate and voting.
