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Senate Banking Committee May Review CLARITY Act Soon

08/05 10:07

The Senate Banking Committee may soon review the CLARITY Act, according to PANews. Crypto journalist Eleanor Terrett reported that multiple industry sources have revealed that the committee could notify members as early as tomorrow about the review. Draft legislation has been distributed to some industry members, with a vote expected next Thursday. Sources indicate that the language of the draft is still being finalized, with additional revisions anticipated to reflect the priorities of Democratic offices. After reviewing the act and coordinating with industry leaders, one source noted that the overall atmosphere is currently positive, although certain clauses in parentheses have raised concerns. Some key provisions previously thought to be resolved may still be subject to change.

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