Senate Banking Panel Releases CLARITY Act Draft Ahead of Thursday Markup
The post Senate Banking Panel Releases CLARITY Act Draft Ahead of Thursday Markup appeared on BitcoinEthereumNews.com. In brief Senate Banking Republicans released the draft text of the crypto market structure bill Wednesday ahead of a key committee vote on Thursday. Two provisions, a January 1, 2026 ETF cutoff and a 60-day auto-certification window, would sharply limit the SEC’s jurisdiction over digital assets. The current draft draws a clearer regulatory perimeter for digital assets than any prior legislation, Decrypt was told. The Senate Banking Committee released draft text for the CLARITY Act just past midnight Wednesday that could permanently exempt Bitcoin and Ethereum from federal securities law, ahead of a markup that’s been scheduled for Thursday this week. Committee Chairman Tim Scott, Subcommittee on Digital Assets Chair Cynthia Lummis, and Senator Thom Tillis jointly released the text after months of bipartisan negotiations that included a last-minute stablecoin yield com