The US House Committee on Financial Services has advanced a crypto market structure bill called the Digital Asset Market Clarity (CLARITY) Act, which will soon head to the full House floor for a vote.

House Financial Services lawmakers voted 32 to 19 on Tuesday to put the CLARITY Act to a full floor vote after the House Agriculture Committee earlier voted 47 to 6 to advance the bill.

“This is the second bill that Bryan Steil has ably led, first stablecoins and now a market structure bill,” said bill sponsor Representative French Hill shortly after the vote passed. 

Steil, who is the House Committee on Financial Services Crypto Subcommittee chairman, described it as a “big step forward,” adding that it was “great to see” that…