The Amendment in the Nature of a Substitute (ANS) for the CLARITY Act, an updated version of the bill with recent amendments, has been posted and will serve as the basis for the markup session scheduled for Tuesday in the U.S. House Committee on Financial Services. This version represents the most recent text from the Financial Services Committee, while the House Agriculture GOP Committee is preparing its own separate markup. After both committees complete their markups, the two versions will be consolidated into a single bill. Ahead of the markup, some industry stakeholders have expressed concerns about a new section in the amended text described as a "Gensler-era provision," which would remove certain exemptions. The markup session is currently underway in the House Committee on Financial Services.
LIVE NOW: U.S. HOUSE COMMITTEE ON FINANCIAL SERVICES CRYPTO MARKET STRUCTURE BILL MARKUP (CLARITY ACT) https://t.co/JfJYleSgBz
🚨NEW: Ahead of today’s CLARITY Act markup in @FinancialCmte and @HouseAgGOP, some industry players I’ve been speaking to are raising concerns over a new section in the amended text they’re describing as a “Gensler-era provision.” The change would eliminate exemptions for
NEW: 🇺🇸 The Amendment in the Nature of a Substitute (ANS) for CLARITY Act has been posted. It will serve as an updated version that will form the basis for Tuesday's markup session in the House Committee on Financial Services. https://t.co/I8IkET1I5H