U.S. Senate Bipartisan Compromise on Clarity Act's Ethics Provision with Just 7 Days to Recess

U.S. Senators Thom Tillis and Ruben Gallego submitted a new compromise proposal regarding the ethics provision of the Clarity Act to the White House on July 30, as reported by The Block and CoinDesk citing sources familiar with the matter. The Clarity Act, a comprehensive market structure bill that divides regulatory oversight of cryptocurrencies between the SEC and CFTC, passed the Senate Banking Committee in May this year. The specific wording of this compromise has not been disclosed, and both senators have...