Svmuu News: Crypto journalist Eleanor Terrett posted on X that Republican members of the U.S. House Financial Services Committee will hold an in-person hearing in New York at 10 a.m. Eastern Time to focus on how the CLARITY Act can drive innovation in the digital asset sector.
This hearing is an informational session aimed at gathering industry input and discussing policy implications; it will not affect the Senate’s ongoing deliberations on the bill.
Meanwhile, the updated legislative text of the CLARITY Act has yet to be released. Previously, U.S. President Donald Trump met with Senate Republicans to discuss relevant ethics provisions, but as of now, the new bill text has not been officially released.
Eleanor Terrett, citing industry sources, reported that crypto industry leaders currently expect the release of the updated text to be delayed until next week.
Market participants are closely watching the situation, as the CLARITY Act—a key component of the U.S. crypto market’s regulatory framework—will shape the future compliance paths for digital asset firms, trading platforms, and institutional investors depending on its final text and the pace of its advancement.