The crypto industry scored a key win on Thursday after a Senate committee approved the Clarity Act, which would be the first law defining regulatory authority over digital assets.
The vote was largely along party lines, with two Democrats (Ruben Gallego and Angela Alsobrooks) joining all Republicans in voting in favor of the bill. The final vote was 15-9. It now has to pass both the Senate and the House and be signed into law by President Donald Trump. The White House has supported the bill.
