#CryptoClarityAct Progress or Regression?

In July 2025, Senate Republicans, led by Tim Scott, push the CLARITY Act to reform financial regulation. It aims to simplify Dodd-Frank rules, focusing on easing burdens on regional and community banks. It proposes raising the threshold for systemic banks (from $250B to $500B in assets), exempting small banks from parts of the Volcker Rule, simplifying stress tests, and reforming the CFPB by making its budget subject to Congress. The bill, still in committee, faces strong Democratic opposition for being seen as weakening key protections and increasing risks. Its future depends on bipartisan negotiations in a divided Senate.