Crypto’s Biggest Senate Test Is Here: Banks Push Back as CLARITY Act Heads to Vote
The U.S. Senate Banking Committee is set to take up the CLARITY Act on Thursday, a cryptocurrency market structure bill that's been stalled for months. This marks the first real Senate showdown for the legislation, which has sparked drawn-out clashes between crypto firms and traditional banks. Senators will debate, tweak, and vote on the bill during the markup — a critical step that could determine if Congress manages to hammer out comprehensive digital-asset rules this year.