Bipartisan Push for Crypto Clarity Act Gains Momentum in Congress

The Clarity Act, a pivotal piece of legislation aimed at establishing clear regulatory frameworks for digital assets, has garnered significant bipartisan support in the House. Representative French Hill reported 78 Democratic votes alongside strong Republican backing, signaling rare consensus in the contentious crypto policy arena.

Senate deliberations now take center stage, with Senator Tim Scott leading discussions. Key figures like Kirsten Gillibrand and Cynthia Lummis are actively shaping what could become the first comprehensive U.S. crypto market structure law. "We got overwhelming support across the aisle," Hill noted, urging the Senate to advance the bill with potential improvements.

Market participants anticipate accelerated regulatory certainty, with Hill suggesting possible passage within weeks. The movement comes as stablecoin oversight and the Federal Reserve's role in digital asset regulation remain unresolved flashpoints.