Senate Banking Committee to Vote on Crypto Clarity Act
The Clarity Act, a significant piece of legislation aimed at clarifying regulatory authority over digital assets, is set to be voted on by the Senate Banking Committee. This bill seeks to address the ongoing conflict between banks and cryptocurrency firms concerning stablecoins.
Key facts
- The Senate Banking Committee will vote on the Clarity Act.
- The bill defines regulators' jurisdiction over digital assets.
- It aims to resolve a dispute between crypto companies and banks over stablecoins.
Entities
Institutions
- Senate Banking Committee
Sources
- Quartz —