US Senate Banking Panel Releases CLARITY Bill, Tightens Crypto AML Rules

The US Senate Banking Committee has released the full text of the bipartisan “CLARITY Act” aimed at regulating the digital asset market. The proposal is described as awaiting only former President Trump’s signature and places stronger anti-money laundering rules at its core. The bill focuses on bringing digital assets into the formal regulatory system by defining the jurisdictional boundaries between the SEC and the CFTC. It also seeks to regulate stablecoins, DeFi and NFTs under one framework, reshaping oversight across the market. If implemented, the US crypto market is expected to face clearer supervisory standards and stronger AML obligations. Source: mk.co.kr