$CAKE
Cooling DownSnapshot Window: 2026-07-17 13:30 UTC · ← Back to Crypto Overview
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BREAKING: CLARITY ACT Rep. Brian at House Financial Services field hearing in NY: "It is time for the Senate to act." House passed CLARITY a year ago. Sen. Lummis signals Senate floor vote possible next week. On ethics dispute: framework regulates bad actors doesn't block [Spoken audio]: committee or in New York to hold a field hearing on this bill. What can you tell us about the Clarity Act? This is our opportunity to put real and substantive legislation on the floor and provide regulatory clarity in the digital assets space. Again, this is an example of the House doing its job. We passed this now approximately a year ago. The Senate has been struggling to move this forward. I'm optimistic that we get this across the line next week in the United States Senate. It's absolutely essential that the United states sets the gold standard for regulations in the digital asset space that we unlock so much capital, human capital and financial capital that will come into these markets in the United States of America in a regulatory regime that protects consumers. Clarity does that. It's past the House. It's time for the Senate to act. Well, I mean the Senate is wrangling with Democrats over the language on ethics congressmen. You know that. Well, individuals that are concerned about the broader ethics reforms, I think that there is a need to look at this. Actually, it should be supportive of the bill. If an individual is concerned about how meme coins were treated under President Biden's appointment of Gary Gensler, all the more reason to move forward clarity, to put a regulatory structure in place, to make sure that we're regulating good and bad actors. The good actors in the space want the bad actors to be regulated. We all want the bad actors out. The Clarity Act provides a regulatory environment to be able to...
