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CLARITY Act passes Senate Banking Committee
Bitcoin's price briefly spiked yesterday after news
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Bitcoin's price briefly spiked yesterday after news that the Senate Banking Committee approved the CLARITY Act: 15 votes in favor, 9 against. The bill was supported by all committee Republicans and two Democrats — Ruben Gallego and Angela Alsobrooks. The measure now must go to a full Senate vote, where advancing will require 60 votes. That is a high threshold and will be where the main battle unfolds. The adopted amendments look like a reasonable compromise. Regulators will be tasked with simplifying rules for firms that
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