In brief
- The CLARITY Act passed the House Agriculture Committee Tuesday with a firmly bipartisan 47-6 vote.
- The crypto market structure bill faces a steeper climb on the House Financial Services Committee, which is still debating the legislation.
- Both committees, which jointly wrote the CLARITY Act, must pass the bill before it can be considered by the House.
The CLARITY Act successfully passed a vote by the House Agriculture Committee Tuesday—a widely expected outcome that still leaves plenty of hurdles for the crypto market structure legislation to overcome.Â
The bill, which would create a framework in the United States for issuing and trading most cryptocurrencies, passed the Ag Committee Tuesday morning in a decidedly bipartisan…
