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• Senate Banking Committee passes the Digital Asset Clarity Act, defining how U.S. regulators treat digital assets.

• The bill clarifies when cryptocurrencies fall under SEC or CFTC oversight.

• Crypto linked stocks, including Robinhood (NasdaqGS:HOOD), see an immediate positive reaction following the vote.

Robinhood, which offers commission free trading in stocks, options and cryptocurrencies, sits directly in the crosshairs of U.S. digital asset regulation. Clearer rules on which regulator oversees specific crypto activities are highly relevant for a platform that earns part of its…