The post CLARITY Act Advances Despite Democratic Concerns appeared first on Coinpedia Fintech News
The Senate Banking Committee voted 15-9 to advance the CLARITY Act on Thursday, moving the crypto legislation closer to a full Senate vote. Democratic Senators Ruben Gallego and Angela Alsobrooks supported the bill during markup but warned unresolved ethics and financial crime provisions remain major concerns. Their backing signals bipartisan momentum for clearer digital asset regulations in Washington. However, lawmakers indicated future support could weaken if stronger safeguards against conflicts of interest and illicit financial activity are not added before final approval.