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Senate Banking Committee Releases 309-Page Draft of Clarity Act

The U.S. Senate Banking Committee has set a fast amendment deadline before Thursday’s markup, advancing work on a market-structure bill for digital assets.

Summary

The U.S. Senate Banking Committee has released a new 309-page draft of the Clarity Act, a digital asset market-structure bill it has been developing since January. Committee members have until the close of business tomorrow to submit amendments ahead of Thursday’s markup, the stage where lawmakers formally review and revise the proposal before it can move forward.

Terms & Concepts
  • Clarity Act: A proposed U.S. bill aimed at defining market structure and regulatory responsibilities for digital assets.
  • markup: A legislative session where lawmakers debate, amend, and vote on a bill line by line.
  • digital asset market structure: The framework that determines how crypto markets are regulated and which agencies oversee them.