US Lawmakers Scramble to Pass Clarity Act Ahead of Midterm Elections

The US Congress is pushing to pass the CLARITY Act before the November 3 midterm elections. This bill aims to establish clearer regulatory roles for the SEC and CFTC in cryptocurrency oversight.

Republicans want to finalize the bill quickly, hoping to claim a policy win and highlight improved protections for digital asset customers.

Democrats support regulation but seek stronger ethics rules, anti-money laundering measures, and conflict-of-interest oversight.