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U.S. Senate Banking Committee Releases Updated CLARITY Act Draft with New Insider Trading Provision

GateNews
Regulation & Policy

According to ChainCatcher, the U.S. Senate Banking Committee released an updated CLARITY Act draft this year, marking the first major revision since January. The new draft adds Section 109 establishing insider trading rules and updates multiple provisions, including redefining SEC authority and clarifying the regulatory boundary between DeFi and CeFi under Section 301.

Other adjustments include replacing “common control” with “coordinated control” in Chapter 2 and restructuring bankruptcy frameworks in Sections 701 and 702. According to analyst Alex Thorn, Section 604 retains core developer protections from the Blockchain Regulatory Certainty Act with only minor modifications.

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In-Depth Analysis

The U.S. Senate Banking Committee has released the latest version of the CLARITY Act, with primary focus on protecting consumers

Market Whisper05-12 06:20

Democratic senator: does not support the CLARITY Act without a morals clause; the ethics clause dispute affects the 60-vote threshold

Market Whisper05-12 02:54

The CLARITY Act enters Senate committee review this week, with 2.9 million advocates pressuring lawmakers to vote

Market Whisper05-12 01:35
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