Senator McCormick has called on the U.S. Senate to vote on the CLARITY Act on Tuesday. This bill, officially named the Digital Asset Market Clarity Act of 2025, aims to establish a clear regulatory framework for digital assets by defining the respective responsibilities of the SEC and the CFTC. The legislation has already cleared the House of Representatives and is awaiting Senate approval after a motion to proceed was filed in August. The bill addresses stablecoin yield restrictions and DeFi rules. Senate Majority Leader Chuck Schumer and President Donald Trump are pivotal figures in this legislative process.
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