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The Clarity Act would clarify regulators' jurisdiction over the sector.
The Senate Banking Committee will hold a decisive mark-up on the Clarity Act this Thursday.
KEY POINTS
- The Clarity Act would clearly define regulatory jurisdiction between securities and commodities for crypto tokens.
- Banks oppose a provision granting crypto firms more freedom to offer rewards on stablecoins.
- Pro-crypto groups spent over $119 million in 2024 to support candidates who might advance the Clarity Act.
- The White House is actively lobbying committee Republicans to support the bill, reflecting Trump's crypto reform priority.
COMPANIES
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