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Senate Banking Committee Advances Digital Asset Oversight Bill

The Senate Banking Committee advanced landmark legislation establishing regulatory oversight of digital assets Thursday, marking significant progress on the industry's top legislative priority. The measure, known as the Clarity Act, passed 15-9 following months of negotiations among lawmakers and stakeholders. The bill establishes a rules-based framework for digital asset market structure and has been a long-stalled priority for the sector. Passage through committee signals renewed momentum for the measure as it moves toward broader Senate consideration. Industry participants have long sought regulatory clarity on digital assets, citing competitive disadvantages relative to international markets with more established frameworks.