Crypto Stocks Surge As Senate Committee Advances Long Stalled CLARITY Act The Senate Banking Committee's decision to advance the CLARITY Act sent shockwaves through the crypto market, propelling stocks like Coinbase and Strategy to new heights in a single day.
Beneath this legislative breakthrough lies a complex web of compromise and politics that threatens to undermine progress.
At its core, CLARITY aims to settle the long standing turf war between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over which agency has jurisdiction over crypto.