CLARITY Act Clears Committee, But Money Laundering Question Hovers Over Crypto
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The Senate Banking Committee voted 15-9 to advance the CLARITY Act, a crypto market-structure proposal that could bring regulatory clarity for crypto, DeFi, DEX and CEX operations. However, the Bank Policy Institute warned illicit crypto flows could hit $154 billion in 2025, highlighting security and AML risks that may spur tighter regulation and pressure token markets and adoption.
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The Senate Banking Committee voted 15-9 on Thursday to move forward on the CLARITY Act, a crypto market structure proposal that has been the subject of debate for a while now.
Nevertheless, just ahead of the vote, the Bank Policy Institute (BPI) put out a series of tweets on X about illicit crypto flows hitting $154 billion in 2025, adding another dimension to what was already an intensely debated topic on the extent of regulation in digital assets.
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