🔥 Crypto Regulation Gains Momentum — CLARITY Bill Garners Bipartisan Support 🔥

At the Wyoming Blockchain Symposium, Senate Banking Committee Chair Tim Scott revealed that 12–18 Democrats may back the Digital Asset Market Clarity (CLARITY) Bill, even as longtime crypto skeptic Senator Elizabeth Warren resists.

Scott criticized Warren’s efforts, noting she is “standing in the way of Democrats wanting to participate,” but remains optimistic that CLARITY could achieve bipartisan backing similar to the GENIUS Act earlier this year.

In July, the CLARITY Bill, alongside the GENIUS Act and the Anti-CBDC law, passed the House with broad bipartisan approval. Shortly after, President Trump signed the GENIUS Act into law, while the Senate continues to advance the remaining measures.

The CLARITY Act seeks to bring much-needed regulatory clarity to the crypto market, clearly defining the oversight roles of the CFTC and SEC to reduce industry confusion. Senators Tim Scott, Cynthia Lummis, Thom Tillis, and Bill Hagerty have also laid out guiding principles to help push this legislation forward.

As discussions unfold, all eyes are on whether moderate Democrats will break ranks to support crypto-friendly policies despite resistance from Warren.

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