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The Clarity Act clears one hurdle in the Senate, but hints at another:
In a 12-11 vote along party lines, the Senate Agriculture Committee, which regulates commodities, voted on Thursday to advance its portion of the crypto market structure bill to a Senate floor vote. This is not a good sign for the crypto industry, which had hoped that the bill would pass with bipartisan support. (In the meantime, the Senate Banking Committee’s half of the bill, which handles securities, remains stuck in markup limbo.)
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