#CLARITYActClears15to9

About CLARITYActClears15to9

The Senate Banking Committee passed the CLARITY Act 15-9, with all Republicans and Democrat Gallego voting yes. The bill defines SEC vs. CFTC jurisdiction over digital assets. But analysts flagged hurdles: AML provisions are unresolved, ethics clauses on officials holding crypto are contentious, and the White House called provisions targeting the president "unacceptable." The bill must merge with the House version and clear 60 Senate votes before August. Time is tight.