US lawmakers push for Senate vote on CLARITY Act in July

US Representatives, led by Rep. French Hill, are advocating for the Senate to schedule a vote on the CLARITY Act in July. The bill aims to create a transparent regulatory framework for the cryptocurrency market, addressing concerns about ethics and transparency related to digital assets. Hill emphasized that a deadline is necessary to facilitate final discussions and consensus among lawmakers. The bill has bipartisan support and is seen as a complement to the GENIUS Act, which regulates stablecoins. Hill plans to hold a field hearing in New York to promote the bill, with support from industry figures like Coinbase Vice Chair Ryan VanGrack. The bill's passage could provide clearer rules for crypto projects and investments, potentially reducing regulatory uncertainty.