Key Takeaways:
- On May 14, the U.S. Senate Banking Committee is set to mark up the CLARITY Act.
- The legislation was endorsed by a group of Coinbase staffers and Sen. Cynthia Lummis ahead of the vote.
- The bill is designed to bring clarity and fairness to the market structure guidelines for cryptocurrencies and less regulatory uncertainty in the United States of America market.
In Washington, it looks like momentum is gaining for one of the more closely monitored crypto bills. Following delayed months, the CLARITY Act is on track to take its next major steps before the Senate Banking Committee and it garnered significant comments from Coinbase executives and pro-crypto lawmakers.
The bill is generally regarded as a significant signpoint towards regulating digital assets in the United States.
Read More: 70% of US Voters Demand Crypto Rules as CLARITY Act Wins Bipartisan Backing
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