The US Senate Banking Committee has approved the CLARITY bill on crypto-assets. This document, long supported by the crypto industry, will now move to the Senate floor for broader debate, reports Cointelegraph.com. reports .
During the review process, over 100 amendments were proposed. While issues such as ethical standards, regulatory sandboxes for artificial intelligence (AI), and stablecoin yields were included, most were rejected. The voting process was largely marked by partisan divisions.
Committee Chairman Tim Scott called the bill's passage a "bipartisan success." However, the actual vote results showed that while all Republicans supported the bill, the majority of Democrats opposed it. Only two Democratic senators backed the initiative.
Democratic representatives, notably Senator Jack Reed, accused Republicans of ignoring their concerns. The opposition argues that the bill fails to meet global anti-money laundering standards, exempts DeFi protocols from financial oversight, and fails to close loopholes for crypto-mixers.
With elections approaching, political disagreements could delay the final approval of the bill. Nevertheless, experts consider the likelihood of the document's adoption high due to Republican support.
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