Hagerty: CLARITY Act May Advance in Senate Next Week

Senator Bill Hagerty, a Republican member of the U.S. Senate Banking Committee, announced on Monday that legislation to establish a federal framework for digital asset markets could advance through the committee as early as next week, signaling a breakthrough after months of delays in Congress.

Speaking at the Digital Assets and Emerging Tech Policy Summit at Vanderbilt University in Nashville, Tennessee, Hagerty expressed optimism about the CryptoAsset Market Structure and Investor Protection Act, commonly known as the CLARITY Act. "We will be in a position, I hope, to bring all of this together very soon," he said. "On the banking committee side, I think we're very close, and my expectation is that we get it into committee in this next work period that starts on Monday of next week, so that over the next several weeks we should have this into the banking committee." He added that several outstanding issues remain but are not insurmountable, projecting the bill could clear the committee by late April.

The CLARITY Act, which passed the House of Representatives in July 2025, aims to clarify regulatory oversight of cryptocurrencies by distinguishing which digital assets fall under...