Revised CLARITY Act Text Nears Release as Crypto Industry Eyes Midnight Deadline
Bloomingbit Newsroom
Summary
- A revised draft of the CLARITY Act, a U.S. cryptocurrency market structure bill, is nearing release.
- The crypto industry is watching for U.S. Senate Banking Committee Republicans to unveil new bill text before midnight Eastern Time tonight.
- Markets are focused on whether stablecoin regulation and conflict-of-interest provisions in the revised draft will affect the bill’s chances of passing the full Senate.
Forecast Trend Report by Period
A revised draft of the CLARITY Act, a U.S. cryptocurrency market structure bill, is set to be released soon.
On May 11, Eleanor Terrett, host of CryptoAmerica, wrote on X that the crypto industry is watching for Republicans on the U.S. Senate Banking Committee to unveil new legislative text. Based on the timing of a revised draft released in January, the new version will probably be made public before midnight Eastern Time, she wrote.
Markets are closely watching how the revision addresses key issues including stablecoin regulation and conflict-of-interest provisions. Those details could materially affect the bill’s chances of passing the full Senate.
Bloomingbit Newsroom
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