U.S. Clarity Act Passes Senate Banking Committee, Advances to Full Senate Proceedings

On the 15th, Japan time, the U.S. Senate Banking Committee conducted a markup vote on the cryptocurrency market structure bill, the 'Clarity Act', and passed it with a bipartisan vote of 15 in favor and 9 against. Democratic Senators Ruben Gallego and Angela Alsobrooks cast their votes in favor. However, both senators conditioned their support in the full Senate. After the vote, Senator Gallego stated that unless issues surrounding conflict of interest prevention in the ethics clause are resolved, ...