CLARITY Act Heads Toward September Vote as Lawmakers Close Remaining Gaps
U.S. congressman French Hill says Democrats and Republicans are working to narrow differences surrounding the CLARITY Act.
The long awaited crypto market structure bill is expected to face a House vote on September 15.
Hill said bipartisan cooperation remains critical for establishing clearer rules across the digital asset industry.
The biggest unresolved issue involves ethics provisions covering government officials and their crypto activities.
Democrats have criticized the current language, while Republicans argue the legislation needs to move forward.
The bill would formally clarify whether digital assets fall under securities, commodities or stablecoin oversight.
Source: Fox Business
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