The U.S. Senate Banking Committee published the latest draft of its crypto market structure legislation, setting up a key hearing this week.
The U.S. Senate Banking Committee released the text of the Clarity Act, a crypto market structure bill, early Tuesday before a scheduled hearing. The legislation aims to integrate the digital asset industry into the regulated financial system but includes debated provisions on stablecoin yield and decentralized finance protections.
The bill reflects months of negotiations and private industry feedback, with no major surprises in the latest version. Previous drafts had circulated behind closed doors, and the text maintains contentious language on stablecoin regulations while preserving legal safeguards for DeFi developers.
Committee approval would mark a significant step forward, though the bill’s path to becoming law remains uncertain. The hearing this week could advance the legislation, but final passage is not guaranteed.