#CryptoClarityAct

The U.S. Senate Banking Committee has released a detailed discussion draft expanding upon the House‑passed CLARITY Act, aiming to clarify digital asset regulation and define “ancillary assets” that fall outside traditional securities . Spearheaded by Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno, the draft tasks the SEC with issuing tailored rules on exemptions, investment contracts, asset disclosures, and anti‑illicit‑finance safeguards . Concurrently, House Majority Whip Tom Emmer expressed confidence the Senate will soon advance the comprehensive market‑structure bill, reflecting momentum from May’s “Crypto Week” legislative push . If enacted, this framework would boost regulatory clarity, consumer protections, and innovation, anchoring the U.S. as a leader in crypto markets while ensuring oversight keeps pace.