Senate Banking Committee Advances Clarity Act, Two Democrats Break Ranks in 15-9 Vote
Bitcoin Magazine
The Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15-9 vote, supported by two Democrats joining Republicans.Summary
The Senate Banking Committee voted 15-9 to advance the Digital Asset Market Clarity Act, a bill aimed at establishing a federal regulatory framework for digital assets, stablecoins, and intermediaries. Sens. Ruben Gallego and Angela Alsobrooks provided the crucial Democratic support needed to move the legislation toward a full Senate vote, where it is expected to merge with a related Agriculture Committee bill. Opponents, led by Sen. Elizabeth Warren, criticized the act as industry-friendly and insufficient regarding anti-money laundering and ethical safeguards, particularly concerning President Donald Trump’s business interests.
(Source：Bitcoin Magazine)