US House Financial Services Committee advances crypto CLARITY Act

The CLARITY Act will move to the House floor after the House Financial Services Committee voted to advance the crypto market structure bill in a 32 to 19 vote.

The US House Committee on Financial Services has advanced a crypto market structure bill called the Digital Asset Market Clarity (CLARITY) Act, which will soon head to the full House floor for a vote.

House Financial Services lawmakers voted 32 to 19 on Tuesday to put the CLARITY Act to a full floor vote after the House Agriculture Committee earlier voted 47 to 6 to advance the bill.

“This is the second bill that Bryan Steil has ably led, first stablecoins and now a market structure bill,” said bill sponsor Representative French Hill shortly after the vote passed. 

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