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U.S. SENATE ADVANCES THE CLARITY ACT AS DEMOCRATS SHOW DIVISION
The U.S. Senate Banking Committee has officially approved the Digital Asset Market Clarity Act with a 15–9 vote, moving the country one step closer to establishing the first comprehensive crypto regulatory framework in the United States.
The bill aims to clearly divide regulatory authority between the SEC and the CFTC, something the crypto industry has been waiting for for years.
One of the biggest takeaways from the vote was the growing division within the Democratic Party, as Senators Ruben Gallego and Angela Alsobrooks voted in favor alongside all 13 Republican senators.
The crypto industry sees this as a historic turning point because the CLARITY Act could:
• reduce SEC enforcement risks
• open the door for altcoin ETFs and DeFi expansion
• attract large-scale institutional capital into crypto markets
Meanwhile, traditional banks and financial institutions continue to express concerns that stablecoins and DeFi products could disrupt the current U.S. banking system and broader financial economy.
The bill must still pass full Senate and House votes before reaching Donald Trump’s desk for final approval.
#CLARITYActClears15to9
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