The updated text of the CLARITY Act may be released next week or postponed; the hearing will not affect Senate deliberations.
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Odaily reported that a Fox Business crypto journalist posted on X stating that the U.S. House Financial Services Committee will hold an on-site hearing in New York at 10:00 a.m. Eastern Time (UTC+8) to examine how the CLARITY Act can unlock innovation. This hearing is informational and does not affect the Senate's review of the bill. Meanwhile, following a meeting between Trump and Senate Republicans regarding ethical issues, the updated legislative text has yet to be released. Industry leaders said they are currently preparing for the text release to be delayed until next week.
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