Senate Republicans Unveil CLARITY Act Text Ahead of Key Crypto Bill Vote

Senate Republicans have released the final text of the CLARITY Act, a cryptocurrency market structure bill, on September 14. This precedes a scheduled Tuesday cloture vote to determine if the legislation advances to a full floor vote. The bill seeks to establish a federal framework for digital asset oversight, primarily allocating authority between the CFTC and SEC, and includes new ethics provisions. Its passage could significantly impact the regulation of the crypto industry.