Senator Cynthia Lummis has confirmed that the Clarity Act will go to markup in May, with a stated intention to push the bill to passage. The announcement signals renewed legislative momentum for one of the more substantive crypto market-structure proposals currently in Congress.
The Clarity Act aims to draw clearer jurisdictional lines between the SEC and CFTC over digital assets — a long-standing gap that has left projects and exchanges navigating regulatory ambiguity. A May markup would put the bill on a credible timeline for a floor vote before the end of the current session.
Frequently asked questions
-
What are the key goals of the Clarity Act?
The Clarity Act aims to establish clearer jurisdictional lines between the SEC and CFTC regarding digital assets, addressing regulatory ambiguity for projects and exchanges.
-
What impact could the May markup have on the Clarity Act's timeline?
A May markup could set the Clarity Act on a credible path for a floor vote before the end of the current congressional session.
WatcherGuru
CryptoSlate
TheBlock
WuBlockchain
Crypto News