🚨 Congress schedules CLARITY Act hearing for July 17 as crypto regulation advances in Washington 🚨
The House Financial Services Committee has scheduled a July 17 hearing on the CLARITY Act in New York, marking the next major step in the bill’s path through Congress. The hearing comes after the Senate Banking Committee advanced the legislation in May, but the bill still faces several hurdles before becoming law.
🔑 Key highlights:
🔹️ The House Financial Services Committee scheduled a CLARITY Act hearing for July 17 in New York.
🔹️ The hearing comes about a month after the Senate Banking Committee voted 15-9 to advance the bill on May 14.
🔹️ The article says lawmakers will use the New York hearing to gather feedback from institutions, exchanges, investors, and financial firms.
🔹️ Senator Cynthia Lummis said unclear rules are pushing crypto talent overseas.
🔹️ Polymarket currently gives the CLARITY Act a 43% chance of becoming law this year.
🎯 Bottom Line: The CLARITY Act is moving, but it still has a long legislative path ahead.
https://coinpedia.org/news/clarity-act-update-congress-schedules-the-hearing-on-the-bill-for-july-17/