Senate Set to Vote on Clarity Bill September 15

The U.S. Senate is set to hold a crucial procedural vote on the Clarity bill on September 15, which aims to establish a federal framework for digital asset market structure.

The bill proposes to clarify regulatory jurisdiction over digital assets by designating the Commodity Futures Trading Commission (CFTC) as the primary regulator for digital commodities and the Securities and Exchange Commission (SEC) for digital securities.

Critics have raised concerns about potential overlap between agency authorities and the impact on existing state-level regulations.