CLARITY Act Gives CFTC Oversight, Adds Housing Pilot
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- CLARITY Act adds a housing pilot program called the Build Now Act, targeting Community Development Block Grant jurisdictions.
- Tim Scott says the bill reflects continued negotiations with Democratic colleagues, indicating bipartisan support in Thursday’s markup.
- Kirsten Gillibrand says Senate Democrats will not vote for market‑structure provisions without clear ethics rules to address conflicts of interest.
- CFTC would gain expanded authority to oversee digital assets under the CLARITY Act, shifting oversight from the SEC.
- Elizabeth Warren warns the bill lacks ethics provisions concerning President Trump’s crypto ventures, citing $1.4 billion gains.
Why it matters: CFTC gains expanded digital‑asset oversight, while developers receive money‑transmitter safeguards; investors and national security face heightened risk without ethics rules, and Trump’s crypto holdings could profit from lax regulation.
