Crypto industry scores win as Clarity Act regulation bill clears Senate hurdle

The Clarity Act, which would create regulation for the cryptocurrency industry, cleared the Senate banking committee. The bill is the top legislative priority of the crypto industry, as it would add predictable oversight and guardrails to the industry. The measure has a long way to go before becoming law, given both powerful opposition and the fact that it would need to clear the full Senate as well as the House before heading to President Donald Trump's desk.