Coinbase, Ripple, and Fidelity React as CLARITY Act Nears Major Senate Milestone
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The Senate Banking Committee is set to advance the CLARITY Act on Thursday, keeping a July 4 signing deadline alive after bipartisan negotiators agreed on 99% of the bill despite Democratic holdouts on two provisions. Major industry players including Coinbase, Ripple, Fidelity and the White House backed the bill, signaling potential crypto regulation and adoption benefits but setting up a tougher fight on the Senate floor.
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- CLARITY Act expected to advance despite Democratic holdouts on two provisions.
- Lummis said bipartisan talks ended without a final deal despite agreement on 99% of the CLARITY Act.
- Coinbase, Ripple, Fidelity, and the White House backed the bill ahead of Thursday’s committee markup.
The Senate Banking Committee is set to advance the CLARITY Act on Thursday, marking the most important step forward for US crypto regulation in years. The bill cleared committee despite last-minute Democratic holdouts on two remaining provisions, setting up a harder fight on the Senate floor but keeping the July 4 signing deadline alive.
Senator Cynthia Lummis confirmed that bipartisan talks on the final outstanding issues ended Wednesday night without a deal. “Ultimately, we have an agreement on 99% of the bill,” she said.
Industry Response Was Immediate
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Read The Full Article Coinbase, Ripple, and Fidelity React as CLARITY Act Nears Major Senate Milestone On Coin Edition.
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