US Senate Releases Clarity Bill Text, Tightening AML Rules for Crypto

The US Senate Banking Committee has released the full text of the Clarity bill for regulating the digital asset market. Presented as a bipartisan agreement, the bill is described as awaiting only Trump’s signature and sets out a core framework for bringing crypto assets into the formal regulatory system. Its main provisions define the jurisdictional boundary between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while strengthening anti-money laundering (AML) rules. The scope is presented as covering stablecoins, DeFi and NFTs in one package. If enacted, the bill is expected to make the US crypto supervisory structure and compliance standards for market participants clearer. Source: mk.co.kr