US crypto CLARITY Act moves to Senate for review

The Clarity for Digital Assets Market Act (CLARITY Act) has been officially placed on the U.S. Senate's legislative schedule, according to the official U.S. Congress legislative information website. The bill (HR3633) seeks to clarify regulatory jurisdiction and market structure for digital assets and is considered by the industry to be a key piece of legislation for establishing a crypto regulatory framework. Having previously passed the House of Representatives, the bill now enters the formal deliberation process in the Senate.