US bank CEOs to meet with senators on crypto market structure bill

CEOs of major U.S. banks are scheduled to meet with senators to discuss the Crypto-Asset National Security Enhancement and Enforcement (CLARITY) Act, Watcher.Guru reported. The bill aims to establish a regulatory framework for the cryptocurrency industry by delineating the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). A key provision of the act would also exempt cryptocurrencies that meet certain conditions from the registration requirements of the Securities Act of 1933.