Senator Says CLARITY Act Could Pass Before July 4 Recess

Senator Bill Hagerty says the CLARITY Act, which would create a comprehensive U.S. crypto regulatory framework, could pass the Senate before the July 4 recess. The bill would clarify SEC and CFTC roles and allocate $150 million to combat illicit activity.

• Senator Bill Hagerty (R-TN) said he hopes the CLARITY Act passes before the July 4 congressional recess.
• The bill would clarify the roles of the SEC and CFTC over digital assets and set compliance rules for crypto companies.
• It would allocate $150 million to combat illicit activity in the crypto industry.
• The GENIUS Act (stablecoin regulation) already passed the Senate, paving the way for CLARITY.
• Industry leaders say clear rules would unlock institutional investment in crypto.

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