The US House Committee on Financial Services advanced to a Bill of the Crypto Market structure called the Digital Asset Market Clarity (CLARITY) Act, which was about to head to the entire floor of the house for a vote.
Lawmakers in Financial Services voted 32 to 19 on Tuesday to put the Law of Enlightenment to a full floor vote after the House Agriculture committee voted 47 to 6 To advance the bill.
“This is the second bill led by Bryan Steil, first Stablecoins and now a Bill Structure Bill,” said Bill Sponsor Representative French Hill shortly after the vote passed.
Steil, chairman of the House Committee on Financial Services Crypto Subcomm Committee, described it as a “big step forward,” added that it was “great to see” that Hill’s law passed House committees.
“This is an opportunity for America to lead the web3 future on the Internet, including financial services using tokenized payments,” Hill added.
🚨 The law of cleanliness is toward the floor of the house. @Repfrenchhill @Repbryanteil pic.twitter.com/vi21f5d3wn
– Financial GOP services (@financialcmte) June 11, 2025
Bill to meet “all that participates” in Crypto
Hill, who The bill was introduced In May, it was said that The Clarity Act would “create a fair, functional, forward regulation that gets everyone participating in it.”
Crypto market law covers the Securities and Exchange Commission and the Commodity Commission and assign their duties to regulating digital assets.
It also establishes temporary CFTC registration requirements for crypto exchanges, digital goods exchanges, brokers and sellers, who should also follow the rules for disclosure, separation of customer assets and recording.
It clearly protects the rights of users to handle crypto with non -disorder dompet and transact peer – to – peer.
Making amendments to protect Devs
Earlier this week, Hill Introduced an amendment In the bill dedicated to “treatment of some uncontrolled blockchain developers.”
The amendment suggested that some blockchain developers or service providers could not be considered “those who send money” or are subject to their registration requirements.
Related: Crypto lobby wants software protections added to the crypto bill
Some Democrats remain opposed
The Rank of the Financial Committee Committee Maxine Waters has suggested the law amendment to address the allegations of conflicts of interest related to the Businesses of the President Donald Trump’s crypto businesses.
He suggested that he can use the bill to personally enrich himself and his family.
Meanwhile, Representative Brad Sherman suggested another amendment to ban his so -called potential “bailout” in the future.
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