Senate Banking Chair Tim Scott Urges Passage of CLARITY Act

U.S. Senate Banking Committee Chair Tim Scott said on X that it is time to pass the CLARITY Act. According to Odaily, Scott said the final text would protect hard-earned money, keep jobs and innovation in the United States, and strengthen national security. He said the final version gives law enforcement greater authority and provides the Treasury secretary with tools to protect community banks, farmers, and rural Americans. Earlier reports said Senate Republicans had released a new draft of the CLARITY Act and that U.S. President Donald Trump had agreed to about 80% of the new ethics proposal in the bill.