The backdrop: Senate Banking Committee Chairman Tim Scott, Digital Assets Subcommittee Chair Cynthia Lummis and Sen. Thom Tillis released an updated text of the bill on Tuesday (May 12) that will serve as the basis for Thursday’s markup.
One fun fact of note is that while the crypto market structure bill is frequently referred to as the “CLARITY Act,” the name of the bill per its text is officially the “Digital Asset Market Clarity Act,” meaning that policy is just the Clarity Act, and not the CLARITY Act.
But that doesn’t mean that the lead-up to the Senate meeting hasn’t been without an All-Caps moment here and there.
See also: Crypto’s Defining Week Arrives as Senate Pushes CLARITY Act Forward
