Republican leaders on the Senate Banking Committee said the legislation “built on” the CLARITY Act passed in the House of Representatives last week.
Republican leaders on the US Senate Banking Committee have released their version of legislation for a digital asset market structure, suggesting they may be combining their efforts with a bill passed in the House of Representatives.
In a Tuesday notice, four Republican senators, including banking committee chair Tim Scott and digital assets subcommittee chair Cynthia Lummis, released a discussion draft of crypto market structure legislation.
According to lawmakers, the tentatively titled Responsible Financial Innovation Act “builds on” the Digital Asset Market Clarity (CLARITY) Act, which was passed in the House on July 17.
