CLARITY Act Advances Amid Regulatory Uncertainty
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The Senate Agriculture Committee's advancement of the CLARITY Act on January 29 marks a significant milestone in U.S. crypto regulatory progress, providing the legislation with its first concrete Senate victory. This development moves the bill closer to determining which regulatory body—potentially the CFTC or SEC—will oversee spot crypto markets, addressing long-standing jurisdictional ambiguities.
However, the bill faces substantial near-term challenges, including potential gridlock over regulatory authority and broader political hurdles in the Senate. While the advancement signals growing legislative engagement with crypto markets, the path to enactment remains uncertain, with competing interests likely to complicate final passage.
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