The US Senate will hold a preliminary vote on Tuesday on the Clarity Act, a bill intended to introduce a new regulatory system for cryptocurrencies and other digital assets. The initiative needs at least 60 votes to overcome a filibuster, and with all senators present, it must be supported by at least seven Democrats, CNBC Top News reports.

Disputes over stablecoins and ethics

The bill was approved by the Senate Banking Committee in May, but its further consideration stalled due to a lack of votes and disagreements among banks, the crypto industry and Democrats. Banking groups insist on tighter restrictions on interest-like payments,…