"Witt explained that the House passed its version of the Clarity Act last year, and the Senate is drafting its own amendments. Sections of the bill addressing the Commodity Futures Trading Commission (CFTC) have cleared the Agriculture Committee, while portions covering the Securities and Exchange Commission (SEC) remain in the Senate Banking Committee. A markup scheduled for January was postponed, and Witt said discussions are underway to resolve outstanding issues."
"While the Clarity Act focuses on regulatory clarity, Witt highlighted the government's Bitcoin holdings as a separate but critical priority. Following an executive order, agencies halted uncontrolled liquidation of digital assets, preventing potential losses that "could have been tens of billions of dollars." He said efforts are underway to centralize oversight, ensure proper accounting of wallets holding Bitcoin and other digital assets, and explore ways to"
The House passed a version of the Clarity Act last year, and the Senate is drafting amendments. Sections of the bill addressing the Commodity Futures Trading Commission (CFTC) cleared the Agriculture Committee, while portions covering the Securities and Exchange Commission (SEC) remain in the Senate Banking Committee. A markup scheduled for January was postponed while discussions continue to resolve outstanding issues, including stablecoin yields and deposit flight. The White House has hosted stakeholders to encourage a compromise. Trillions of dollars in institutional capital remain on the sidelines pending regulatory clarity. Following an executive order, agencies halted uncontrolled liquidation of digital assets, preventing potential losses and prompting efforts to centralize oversight and improve accounting of wallets holding Bitcoin and other digital assets.
Read at Bitcoin Magazine
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