CLARITY Act Clears Committee, But Money Laundering Question Hovers Over Crypto

May 16, 2026 - 21:45
CLARITY Act Clears Committee, But Money Laundering Question Hovers Over Crypto
Last year, there was a 162% year-over-year increase in illicit crypto flows driven by a 694% jump in value received by sanctioned entities. The Senate Banking Committee voted 15-9 on Thursday to move forward on the CLARITY Act, a crypto market structure proposal that has been the subject of debate for a while now. Nevertheless,...

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