Senator Cynthia Lummis announced that the revised Clarity Act incorporates over 100 Democrat priorities and urged its immediate passage. The bill, formally known as the Digital Asset Market Clarity Act, aims to establish clear regulatory oversight for digital assets by dividing responsibilities between the SEC and the Commodity Futures Trading Commission. Despite passing the Senate Banking Committee in May with a 15-9 vote, the legislation has yet to be considered by the full Senate. Market odds for passage have recently decreased from 30% to 27.5%, reflecting reduced investor confidence.
Source: Read the original article
