US CLARITY Act Advances in Senate Banking Committee

The US CLARITY Act, which aims to enhance domestic innovation, has progressed in the legislative process following a Senate Banking Committee session. According to NS3.AI, the bill received affirmative votes from all 13 Republican members and two Democrats. Grayscale has noted that the bill requires further bipartisan support to pass the full Senate and become law. With Republicans holding 53 seats, at least seven Democrats would need to support the measure for it to advance.