Breaking: US Senate To Develop Its Version of The CLARITY Act

2025-06-18 07:31:28

The U.S. Senate is set to begin working on its version of the crypto market structure legislation, known as the CLARITY Act. This development comes as the Senate Banking Committee prepares to focus on the bill during a subcommittee hearing next week, scheduled for June 24.

Senate to Release Its Version of the CLARITY Act

According to FOX Business journalist Eleanor Terrett, the Senate Banking Committee is making progress in drafting a version of the CLARITY Act. The subcommittee hearing next week, led by Senator Cynthia Lummis, will center on the framework for this legislation. The aim is to develop a bill that addresses the structure of the cryptocurrency market. Senate discussions indicate that market structure reform is necessary to create a clear, regulated environment for digital assets.

The Senate’s push comes as lawmakers look to address gaps in the current regulatory landscape for cryptocurrencies.

Senator Tim Scott expressed hope that the full committee would hold a hearing within the next month. This hearing would likely occur after the release of a discussion draft of the legislation.

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