Crypto Regulatory Clarity Advances as Senate Committee Prepares CLARITY Act Markup
The Senate Banking Committee's updated draft of the CLARITY Act signals progress in defining digital asset oversight between the SEC and CFTC. Custodial staking services now receive explicit recognition as administrative activities, allowing registered intermediaries to pool customer assets while maintaining segregation from platform funds.
Anti-money laundering and know-your-customer requirements remain unchanged, preserving existing compliance frameworks for exchanges. The legislation's structured approach to market governance could reduce regulatory uncertainty that has hampered institutional participation in crypto markets.