Clarity Act passes US Senate committee markup 15-9

The Clarity Act has passed its markup in the U.S. Senate Banking Committee with a 15-9 vote. The vote, which sends the bill to the full Senate floor, followed more than two hours of debate and voting on dozens of amendments. The bill will now undergo jurisdictional coordination with the Senate Agriculture Committee before heading to a full Senate vote. A previously released amendment to the act includes provisions to: - Partially allow stablecoin rewards while limiting deposit interest - Protect DeFi developers - Clarify the jurisdictional standards for federal agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) Market observers have suggested that the bill's final passage could lead to increased institutional capital inflows and growth in the ETF and tokenization markets.