On July 9, 2025, the Senate Banking Committee discussed the CLARITY Act, a cryptocurrency market structure bill. The House of Representatives plans to vote on the bill next week. (Source: Axios, July 9, 2025)
Senator Kennedy questioned industry leaders about self-regulation, expressing concerns about market structure legislation. Senator Warren raised issues with exemptions for digital assets from SEC oversight. (Source: Axios, July 9, 2025)
Senator Warnock emphasized the need to address potential conflicts of interest, particularly regarding President Trump's involvement. The House will consider the CLARITY Act and other crypto-related legislation during "Crypto Week," starting July 14. (Source: Axios, July 9, 2025)