US Senate Banking Committee Chairman: It's Time to Pass the CLARITY Act

Odaily reports that Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on X platform that it is now time to pass the CLARITY Act. He said the CLARITY Act will protect hard-earned money, keep jobs and innovation in the United States, and strengthen national security. This final text further grants law enforcement greater authority and provides the Treasury Secretary with tools to protect community banks, farmers, and rural Americans.

Previously, U.S. Senate Republicans had released a new version of the CLARITY Act text, and Trump has agreed to approximately 80% of the ethics provisions in the new version of the bill.