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The U.S. Senate Banking Committee officially released the full text of the Clarity Act prior to the hearing.
Golden Finance reports that on May 12th, the U.S. Senate Banking Committee released the latest version of the “Clarity Act,” revealing details of the crypto market framework plan being advanced in Congress. The bill text will be discussed at a committee hearing this week, and the overall content contains no major unexpected provisions, reflecting months of debate and consultation surrounding stablecoin yields and the regulation and oversight of the decentralized finance industry.