Crypto Bill ‘CLARITY Act’ Sparks Fresh Fears of Gensler-Era Crackdown
Just before the U.S. House committees are set to discuss the updated ‘CLARITY Act’, a bill meant to bring clear rules to crypto, concerns are popping up from people in the crypto industry.
Today, on June 10, 2025, the U.S. House Financial Services Committee will hold a major hearing to discuss the CLARITY Act. The session starts at 10:00 a.m. EST at the Rayburn House Office Building, where lawmakers will review, debate, and vote on several financial bills.
A controversial new section added to the bill has some calling it a “Gensler-era provision,” referring to SEC Chair Gary Gensler’s stricter approach to crypto regulation. This amendment would remove the exemptions for older or already-issued tokens, which many thought were…
