Senator Dave McCormick has called on Congress to advance the Clarity Act to a full Senate vote during a recent appearance on FOX News. The bill aims to clarify regulatory jurisdiction over digital assets by dividing oversight between the SEC and the CFTC. It has already passed the House and a Senate committee but awaits a full Senate vote. McCormick emphasized the urgency to move forward and highlighted ongoing negotiations around ethics language in the bill. Observers are now watching Senate Majority Leader Chuck Schumer and Senate Banking Committee Chairman Tim Scott for indications on scheduling a full vote.
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