Sen. Gallego and Sen. Tills finalize Democrats’ CLARITY Act counteroffer

The draft language is expected to be sent to the White House in the next couple of days, Politico reported, signaling continued negotiations over crypto market structure legislation.

Summary

Sen. Gallego and Sen. Tills are finalizing language for a Democratic counteroffer to the CLARITY Act and plan to send it to the White House in the next couple of days, Politico reported. The move points to ongoing negotiations around crypto market structure legislation, which typically addresses how digital assets are classified and which regulators oversee trading and related activity.

Terms & Concepts
  • CLARITY Act: Proposed legislation on crypto market structure.
  • crypto market structure: Rules for classifying digital assets and oversight.