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House Agriculture Committee Advances Landmark Crypto Regulation Bill Towards Full House Vote

  • The House Agriculture Committee approved the Digital Asset Market Clarity Act with an overwhelming bipartisan vote of 47 to 6, despite previous political complexities.
  • The bill aims to provide regulatory clarity in the digital asset space by specifying the oversight roles of the SEC and the CFTC.
  • The House Financial Services Committee is also scheduled to vote on its section of the bill, with plans to merge both bills into a comprehensive piece of legislation for a full House vote.
  • The Clarity Act not only defines regulatory jurisdictions but also enhances consumer protections by requiring disclosures and segregation of customer funds from operational capital.

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