U.S. Cryptocurrency Regulation Sees New Bipartisan Breakthrough: Draft of the "CLARITY Act" Progresses Steadily

According to the latest report by crypto journalist Eleanor Terrett, the U.S. Senate Agriculture Committee has made significant progress in advancing the “CLARITY Act.” This key regulatory draft has undergone months of bipartisan negotiations. Although there are still uncertainties ahead, such a level of bipartisan cooperation is rare in the current Congress.

A Solid Foundation in the House of Representatives

As early as last summer, the House Agriculture Committee voted on the contents related to the “CLARITY Act.” The final result was 47 votes in favor and 6 votes against, demonstrating a strong bipartisan concern for establishing a regulatory framework for cryptocurrencies.

Continuous Efforts in the Senate

Following the positive attitude in the House, the U.S. Senate Agriculture Committee then initiated its own efforts. The committee engaged in repeated bipartisan consultations on core issues such as regulatory provisions and definitions involved in the draft of the “CLARITY Act.” Although there are still differences on some details, all parties are working to seek consensus.

Significance of Regulatory Outlook

CLARITY signifies a clear definition and regulated management of the crypto asset market. The legislative process itself indicates that U.S. policymakers place great importance on establishing a comprehensive legal framework for cryptocurrencies, and it also suggests that the regulatory direction in this field is gradually becoming clearer.