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U.S. Senate to Review CLARITY Act in January 2025, Aiming to Clarify SEC-CFTC Jurisdiction Over Crypto

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The U.S. Senate will review the CLARITY Act in January 2025, following its House passage in July 2025. The bill aims to clarify SEC-CFTC jurisdiction over crypto, aligning with EU Markets in Crypto-Assets Regulation. Most tokens would be treated as commodities. While some Democrats question regulatory balance, the bill has bipartisan backing and could reach full Senate debate by mid-2026. The legislation also includes provisions related to Countering the Financing of Terrorism.
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