The U.S. Senate is considering advancing the Clarity Act today. The legislation would establish new regulations for cryptocurrency and other digital assets.

The Senate Banking Committee approved the bill in May, but the measure languished through the summer. Banks and cryptocurrency firms have increased lobbying efforts surrounding some of its provisions. The legislation requires 60 votes to overcome the filibuster.
The House and Senate are both in session today, with numerous hearings being conducted by committees and subcommittees.
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