Grayscale Outlines Next Steps and Obstacles for the CLARITY Act After 15-9 Vote

Grayscale said the CLARITY Act still faces multiple procedural hurdles after the Senate Banking Committee advanced the bill on May 15 by a 15-9 vote. The proposal must be merged with the Digital Commodity Intermediaries Act and then reconciled with the House-passed version from last July. If Republicans stay united in the full Senate, passage would likely require at least seven Democratic votes.