Kennedy Backs Senate Clarity Crypto Bill
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- Kennedy will support the Senate's crypto legislation, the Clarity Act.
- Clarity Act text released ahead of a Senate Banking Committee hearing outlines new stablecoin rules and other crypto provisions.
- More than 100 amendments have been filed targeting stablecoins, ethics, and DeFi ahead of the Clarity Act vote.
- Senate Banking Committee will hold a hearing and vote on the Clarity Act.
Why it matters: Crypto issuers and stablecoin providers gain clearer regulatory guidance, while DeFi platforms may face tighter oversight as the Senate pushes the Clarity Act through a heavily amended process.
