CLARITY Act Gets New Push as Senator Ties Crypto Rules to US Dollar Power
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5 Articles
Key Points of the News: The U.S. Senate Banking Committee advanced in voting on its own version of the legislative proposal on June 10, 2026. The House of Representatives has already approved a previous version of this bill focused on digital assets during the 2025 legislative period. Reserves of stables issued on the market require full backing in dollars or Treasury bonds for each equivalent unit in circulation. U.S. Senate Banking Committee C…
White House Targets July 4 For CLARITY Act Passage
White House digital-assets adviser Patrick Witt has set a July 4 target for passage of the Digital Asset Market Clarity Act, putting a hard deadline on the most closely watched U.S. crypto market-structure bill. Witt, executive director of the President’s Council of Advisors for Digital Assets, outlined the timeline at Consensus Miami on May 6. The plan called for Senate Banking action, Senate floor movement in June and enough time for the House…
CLARITY Act Gets New Push as Senator Ties Crypto Rules to US Dollar Power
Senate Banking Committee Chairman Tim Scott renewed support for the CLARITY Act as he tied stablecoins to U.S. dollar strength. His comments put crypto market rules, consumer protection, and AI oversight at the center of the Senate Banking Committee’s financial policy agenda. Scott Links CLARITY Act Push to USD Dominance and Crypto Rules Senate Banking […]
CLARITY Act moves to a fight between cops and coders
On June 10, administration officials hosted law enforcement groups at the White House to resolve the provision most likely to block the CLARITY Act from reaching the Senate floor for a vote. As Eleanor Terrett reported, the meeting drew around 20 attendees over nearly 90 minutes, with developer protections drawn from the Blockchain Regulatory Certainty Act (BRCA) dominating the agenda. Section 604 of the Senate draft defines a “non-controlling d…
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