PANews posted on X (formerly Twitter). The CLARITY Act has narrowly passed the Senate Agriculture Committee, highlighting significant divisions despite appearing to be a step forward. While the regulatory framework is clarified and the Commodity Futures Trading Commission's (CFTC) role is defined, bipartisan cooperation has broken down over ethical clauses and power boundaries. With a 60-vote threshold and the midterm elections approaching, this move seems more symbolic than a genuine step towards implementation. The window for crypto legislation remains open, but time is not on its side.
