Crypto Market Structure Bill Passes One House Committee, But Faces Steep Climb in Another

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. 

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…

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