McCormick urges Senate vote on Clarity Act for digital assets

Senator Dave McCormick called for Congress to move the Clarity Act to a Senate floor vote, saying it is time to "play offense" on digital asset regulation. The bill, which would split oversight between the SEC and the CFTC, has passed the House and cleared a Senate committee. It now sits on the Senate Legislative Calendar.

McCormick, speaking on FOX News, said negotiations on ethics language within the bill were still ongoing. He urged lawmakers to advance the legislation.

The next step depends on Senate Majority Leader Chuck Schumer and Banking Committee Chairman Tim Scott, who control the floor schedule. The bill remains on the calendar with no vote date set.