CLARITY Act Heads to Senate Markup with Divided Support

CLARITY Act Crypto Regulation US Senate Banking Committee

Quick Look

The CLARITY Act, a crypto regulatory framework, moves to a Senate Banking Committee markup session with support from several Republicans and some Democrats, amid ongoing debates and potential amendments.

AI-generated summary

Font size

Read the full article on Cointelegraph

The CLARITY Act faces a mixed outlook as law enforcement opposition softens, with the Major County Sheriffs of America moving to neutral and the National Organization of Black Law Enforcement Executives endorsing the bill. However, an ethics dispute over crypto conflicts of interest, highlighted by Senator Kirsten Gillibrand's push and linked to Donald Trump's disclosures, is intensifying, potentially jeopardizing Democratic votes needed for passage.

CryptoSlate

Developing·12h ago

UK Tightens Rules on Foreign Money in Elections

The UK government has introduced new rules to restrict foreign funding in elections. Measures include a donation cap for new residents and stricter checks on company donors, potentially impacting parties like Reform UK that rely on crypto billionaires.

Decrypt

Developing·12h ago

South Korea to Hear Polymarket on Gambling Concerns

South Korea's media review body will hear from prediction market platform Polymarket regarding gambling concerns before deciding on potential corrective actions. This follows a shift in scrutiny from users to the platform itself and an earlier police probe into local users.

Cointelegraph

Developing·2d ago

Major County Sheriffs of America Drops Opposition to CLARITY Act

The Major County Sheriffs of America (MCSA) has shifted its stance on the CLARITY Act to neutral, removing a key obstacle to its passage. The bill aims to protect blockchain developers from user liability and study DeFi risks.

Cointelegraph

Developing·3d ago

Kirsten Gillibrand Renews Call to Ban Politicians from Promoting Crypto Assets

Senator Kirsten Gillibrand is urging a ban on politicians and their spouses from issuing or promoting crypto assets, including meme coins, following President Trump's disclosure of over $1.2 billion in crypto earnings last year.

Decrypt

Developing·3d ago

Senator Gillibrand Proposes Ban on Elected Officials Issuing Own Tokens

Senator Kirsten Gillibrand proposed barring elected officials and the president from issuing or sponsoring their own digital assets, citing Donald and Melania Trump's memecoins. The move aims to prevent self-dealing and strengthen consumer protections.

Cointelegraph

CLARITY Act Heads to Senate Markup with Divided Support

Quick Look

Related Topics

Related Stories

CLARITY Act Faces Shifting Obstacles as Law Enforcement Support Grows, Ethics Fight Intensifies

UK Tightens Rules on Foreign Money in Elections

South Korea to Hear Polymarket on Gambling Concerns

Major County Sheriffs of America Drops Opposition to CLARITY Act

Kirsten Gillibrand Renews Call to Ban Politicians from Promoting Crypto Assets

Senator Gillibrand Proposes Ban on Elected Officials Issuing Own Tokens