CLARITY Act clears Senate Banking panel, digital asset stocks rise

The CLARITY Act, a bill expected to become the backbone of U.S. digital asset regulation, has passed the Senate Banking Committee. With the legislative process advancing, the bill is now seen as likely to reach the full Senate soon. The act has been described as a measure to establish a regulatory framework for the digital asset market, drawing attention from the industry and investors. In New York trading, digital asset-related stocks welcomed the news. Still, the market is expected to watch the next steps, including full Senate debate and whether the bill ultimately becomes law. Source: mk.co.kr