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Congressman lauds bipartisan progress on Senate Clarity Act to integrate crypto into finance
Summary
The congressman told interviewer Marie he is encouraged by the Senate's draft Clarity Act, praised bipartisan work on the bill, and said prior House measures and compromises show momentum for integrating digital assets into the financial system.
The congressman said he is encouraged by a Senate draft of the Clarity Act, a roughly 300-page bill to integrate digital assets into the financial system, and praised senators and staff who worked on the compromise.
"I wanna congratulate Chairman Tim Scott and those members that have worked so hard, so diligently over the last, many months," the congressman said, citing a bipartisan group of senators by name in the interview. He said the work represents continued momentum after the House previously passed related measures.
Marie noted that Coinbase CEO Brian Armstrong would appear on the program to discuss compromises in the bill and potential impacts; the interview did not include Armstrong's remarks. The congressman also referenced the House's earlier activity, saying he had passed his "fit 21" bill in a prior Congress and that the House previously approved a Clarity Act variant with 78 Democratic votes.
The congressman said he looks forward to the Senate Banking Committee markup and hopes the legislation advances to build a regulatory framework for digital assets.
The interview did not include full details of the Senate draft; the congressman said he and others were "still reviewing the document that was posted in the senate."
