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US Senate Committee set to consider long-awaited crypto bill next week
U.S. senators are set to consider long-awaited legislation that would create a regulatory framework for cryptocurrency next week, potentially ending a deadlock over the bill that pitted crypto companies against U.S. banks. The bill, dubbed the Clarity Act, would, if signed into law, clarify financial regulators' jurisdiction over the burgeoning sector, potentially boosting digital asset adoption. U.S. Senator Tim Scott, chairman of the Senate Banking Committee, said on Friday the panel would hold an executive session on May 14 at 10:30 a.m. (1430 GMT) in the Dirksen Senate Office Building in Washington, D.C. The ... (full story)
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