Search results for John Boozman
Crypto
U.S. Senate Banking chair seeks to pass Clarity Act, hopes for clearer rules
U.S. Senate Banking Committee Chairman Tim Scott (팀 스콧) publicly voiced support for pushing through the Clarity Act, a bill setting a regulatory framework for the U.S. cryptocurrency market. The remarks followed Senator Cynthia Lummis releasing a revised draft. The proposal, developed jointly by the Senate Banking and Agriculture committees, outlines a shared regulatory structure for crypto and digital commodities in the United States.
Crypto
Clarity Act Senate vote nears as U.S. House lawmaker urges action in July
U.S. House Financial Services Committee Chairman French Hill urged the Senate to bring the digital asset market structure bill known as the Clarity Act to a vote in July. He said setting a deadline is needed to reach agreement before the summer recess. Debate in the Senate has lagged since the House passed the bill about a year ago. Critics cite ethics concerns tied to President Donald Trump’s crypto ventures.
Crypto
XRP path opens to non-security status as CLARITY bill raises hopes of bitcoin, ethereum parity
A draft U.S. Digital Asset Market Clarity bill contains a provision that could classify XRP in the same category as bitcoin and ethereum, an analysis said. The draft would treat as non-securities digital assets already backed by exchange-traded products from Jan. 1, 2026. It introduces a “network token” concept that could exempt certain cryptocurrencies from additional disclosures and requirements. The Senate Agriculture Committee has delayed scheduling market structure legislation for review later in January.
