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Crypto

U.S. CLARITY Act nears Senate Banking Committee approval after Kennedy backs bill

The U.S. Senate’s crypto market-structure bill, the CLARITY Act, is nearing passage in the Senate Banking Committee after Senator John Kennedy, the last undecided Republican vote, decided to support it. The committee has 13 Republicans and 11 Democrats, and unanimous Republican backing has been seen as key. Republicans agreed after changes including a fiduciary duty provision for crypto industry participants and packaging with parts of the Build Now housing bill.

Crypto

Galaxy Digital says U.S. CLARITY Act could pass with bipartisan support after long delay

The U.S. CLARITY Act on crypto market structure has entered a phase where it could pass with bipartisan support, as the Senate Banking Committee set revisions and a vote schedule. Galaxy Digital research head Alex Thorn highlighted the addition of the Build Now Act, backed by Senators John Kennedy and Elizabeth Warren, and said it may help secure Kennedy’s support. The revision also addresses stablecoin rewards, developer liability and oversight.