Senate Set to Decide Fate of CLARITY Act, Digital Asset Regulatory Framework

The U.S. Senate is set to make a crucial decision on the fate of the CLARITY Act, a bill aimed at reshaping the regulatory framework for digital assets in the country.

The CLARITY Act seeks to clarify oversight authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the U.S. digital-asset market.

A vote on the bill is scheduled for September 15, just a week from now, which will be a major turning point for the bill's legislative path and the development of the U.S. digital-asset regulatory framework.