CLARITY Act secures votes to pass US Senate committee

A U.S. crypto regulation bill known as the CLARITY Act has secured all 13 Republican votes needed for it to pass the Senate Banking Committee, BeInCrypto reported. With Senator John Kennedy, previously considered the only potential holdout, confirming his support, the bill is now certain to pass the committee regardless of Democratic votes. Global asset manager Fidelity has previously expressed its support for the legislation. In a post on X, Fidelity stated that the CLARITY Act would benefit U.S. investors by providing legal clarity to the crypto market and would help the United States maintain its global leadership in the digital asset sector.