CLARITY Act Heads to Senate Floor as Coinbase Rises 5% on Crypto Rules Hopes

The CLARITY Act, a bill expected to form the backbone of U.S. digital asset regulation, has passed the Senate Banking Committee and is heading to the full Senate. Expectations for the bill improved sentiment toward crypto-related stocks, while Coinbase shares rose 5%. The original report said the act could establish a basic regulatory framework for digital assets and that partial permission for stablecoin rewards appears possible. Investors viewed reduced regulatory uncertainty as potentially positive for exchanges and digital asset companies. However, the bill still faces the Senate floor process, so final enactment and details remain subject to the next stages of legislation. Source: mk.co.kr