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U.S. Senate Advances CLARITY Act Review This Week Amid Stablecoin, Token Disputes

Regulation & Policy

2026-06-02 00:31:17

TOKEN-5.11%

According to Cointelegraph, the U.S. Senate advanced review of the Digital Asset Clarity (CLARITY) Act this week following its return from recess. The Republican-backed bill, which passed the House in July 2025, grants federal commodity regulators expanded oversight of digital assets. The legislation cleared two key Senate committees before recess but faces ongoing disagreement over stablecoins, tokenized equities, ethics provisions, and conflicts of interest. JPMorgan CEO Jamie Dimon stated that banks will not accept the current version, citing provisions allowing crypto companies to pay interest on user deposits and stablecoin balances.

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The U.S. Senate advances the CLARITY Act review this week: ongoing disputes over stablecoins and tokens

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