U.S Senate Launches New CLARITY Act to Shape Crypto Market Rules

The U.S. Senate has initiated work on the CLARITY Act, aiming to overhaul cryptocurrency market regulations. A subcommittee hearing is scheduled for June 24 to discuss the framework, addressing long-standing demands for regulatory clarity in the digital asset sector.

The Senate's draft diverges from House proposals, focusing on defining regulatory roles, asset classification, and balancing innovation with investor protection. Key priorities include transparency, structured compliance, and establishing clear operational guidelines for crypto firms.

Simultaneously, the GENIUS Act cleared the Senate with bipartisan support, introducing new reserve and transparency requirements for stablecoins. This legislative momentum reflects growing institutional recognition of cryptocurrency's role in modern finance.