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CLARITY Act Hearing Puts Crypto Regulation Back Into a Narrow Window
The House Financial Services Committee held a hearing on the CLARITY Act, which would define digital asset classifications. The tight calendar before recess leaves a narrow window for progress.
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The House Financial Services Committee this week held a hearing on the CLARITY Act, a bill that would codify when a digital asset is a security or a commodity. The legislation has drawn attention from both parties, though support is not uniform.
Chairman Patrick McHenry, who introduced the bill, said the existing regulatory framework leaves the industry in legal limbo. The hearing comes as the calendar tightens before the August recess, leaving a narrow window for any markup or floor vote this session.