The CLARITY Act is finally moving toward a long-awaited Senate Banking Committee markup next week, but its path is being complicated by a fight over whether Congress should impose new ethics restrictions on federal officials and elected leaders involved with the crypto industry.
On May 7, crypto journalist Eleanor Terrett reported that the draft text of the crypto market structure bill had circulated among industry participants ahead of a potential committee vote.
According to her, the language is still being revised, with Democratic priorities expected to shape additional changes before the panel acts.
This move marks the clearest sign in months that Senate negotiators are trying to revive the CLARITY…
