On Wednesday, Senator Thom Tillis announced his intention to pressure the Senate Banking Committee into scheduling a decisive vote on the cryptocurrency market structure legislation, commonly referred to as the CLARITY Act. Tillis informed journalists that he will request Committee Chair Tim Scott to proceed with a markup session following the Senate’s return from recess on May 11. “Without the forcing function of a markup, every opponent will continuously find another issue to debate,” Tillis explained. The proposed legislation aims to establish clear jurisdictional boundaries between the SEC and CFTC regarding ... (full story)