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The Economic Times
The Economic Times
Business
Anupam Nagar

Stock Market: Senate moves to advance Crypto Clarity Act in major win for Trump, industry

Crypto Donald Trump United States John Thune

US Senate Majority Leader John Thune moved to advance legislation that would establish a comprehensive regulatory framework for cryptocurrencies, potentially delivering a major policy victory for President Donald Trump and the digital asset industry, Reuters reported.

Thune, a Republican, filed early Saturday to set up a key procedural vote on the Clarity Act when the Senate returns from its August recess in mid-September. The move could pave the way for a full Senate vote on the legislation, according to the US Senate Press Gallery website.

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