U.S. Senate Banking Committee Advances CLARITY Act

The U.S. Senate Banking Committee has voted 15-9 to advance the CLARITY Act, moving it to the Senate floor for further consideration. According to ChainCatcher, the timeline for the bill's progression is tight, with approximately nine weeks remaining. Key dates include June 1 for coordinating versions between the Senate Banking and Agriculture Committees, June 15 for the start of Senate floor debates, June 22 for a potential final vote, July 13 for Senate and House coordination, and early August for U.S. President Donald Trump to sign it into law if it proceeds as planned. Alex Thorn, Head of Research at Galaxy, noted that the Democratic Party is focusing on ethical provisions to limit digital asset holdings and profits for senior officials and their families. Meanwhile, negotiations continue on DeFi regulation and the Blockchain Regulatory Certainty Act (BRCA). The CLARITY Act aims to lay the groundwork for innovation and investor protection in the U.S. digital asset market.