The Clarity Act, a major piece of US crypto legislation to regulate market infrastructure, yesterday advanced through two key House committees with jurisdiction over different regulators. The House Agriculture Committee, which oversees the CFTC, marked up and passed the bill with a vote of 47-6. Shortly afterward, the House Financial Services Committee, responsible for SEC oversight, made its own amendments and approved the legislation 32-19. The two committees must now consolidate their respective changes before the full House can vote on the bill.
The bipartisan support was reflected in accompanying statements from committee leadership.
“Blockchain technology and digital assets are reshaping the future of American finance – one that includes a more secure, decentralized, and inclusive system. Congress has a historic opportunity to provide the clear regulatory framework needed to unlock this innovation,” said Financial Services Committee Chair French Hill. He thanked his colleagues from both parties for their support.
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