JUST IN: Clarity Act, the Cryptocurrency Law Everyone Has Been Waiting For, Sees Positive Developments
The U.S. Senate Agriculture Committee passed its section under the Clarity Act. The vote was a 12–11 split, with no Democrats voting in favor.
The Senate Agriculture Committee passed the Digital Commodity Brokers Act, part of the broader Clarity Act for crypto market structure. This law establishes a CFTC regulatory framework for digital commodity exchanges, brokers, and dealers, focusing on assets such as memecoins and network tokens (excluding securities and stablecoins). Key provisions include SEC-CFTC joint rule-making, protection of client assets, registration requirements, federal priority, and developer exemptions.
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