U.S. Senator Cynthia Lummis said the Clarity Act would classify Binance as a “covered person” because of its role as a digital asset service provider. The bill passed the House but remains stalled in the Senate following a failed cloture vote in September. The legislation seeks to establish a federal regulatory framework for digital assets, which could change the obligations of major platforms such as Binance. Market participants will monitor statements from key senators, including Mike Lee, and any renewed effort to bring the bill to a Senate vote. Asset pricing also suggests a moderate increase in potential support for the Clarity Act.
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