{"id":73946,"date":"2026-06-12T21:52:59","date_gmt":"2026-06-12T21:52:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-gets-new-push-as-senator-ties-crypto-rules-to-us-dollar-power\/"},"modified":"2026-06-12T21:52:59","modified_gmt":"2026-06-12T21:52:59","slug":"clarity-act-gets-new-push-as-senator-ties-crypto-rules-to-us-dollar-power","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/clarity-act-gets-new-push-as-senator-ties-crypto-rules-to-us-dollar-power\/","title":{"rendered":"CLARITY Act Gets New Push as Senator Ties Crypto Rules to US Dollar Power"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senator linked crypto regulation to dollar demand, consumer safeguards, and U.S. financial leadership.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Stablecoin reserves could support demand for dollars and Treasuries, according to the senator.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Lawmakers still must pass, reconcile, and approve the CLARITY Act before enactment.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Scott Links CLARITY Act Push to USD Dominance and <span>Crypto<\/span> Rules<\/h2>\n<p>Senate Banking Committee Chairman Tim Scott (R-SC) renewed support for the CLARITY Act on June 11, describing <span>crypto<\/span> rules as part of a broader push to protect consumers and strengthen U.S. financial leadership. The senator from South Carolina discussed the committee\u2019s work during an <a href=\"http:\/\/youtube.com\/watch?v=5U2n8GkxU5Y&amp;feature=youtu.be\" target=\"_blank\" rel=\"noopener noreferrer\">appearance<\/a> on Fox Business\u2019 Mornings with Maria.<\/p>\n<p>Banking policymakers continued work on digital asset legislation as lawmakers considered how to establish rules for digital assets and blockchain-based financial services. The lawmaker argued that a clear regulatory framework could protect consumers, support financial innovation, and reinforce America\u2019s position in the global financial system.<\/p>\n<p>Scott stated:<\/p>\n<blockquote>\n<p>\u201cWhat we\u2019ve already seen with <span>stablecoins<\/span> is that our dollar dominance is actually increasing\u2026 <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Stablecoins<\/a> require dollars or U.S. Treasuries to back every single penny. That\u2019s really good news for America\u2019s dollar remaining the reserve currency of the world.\u201d<\/p>\n<\/blockquote>\n<p>Transaction costs and payment access also shaped the senator\u2019s case for digital asset rules. He argued that <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> and digital assets can make business easier in America and support financial services that operate around the clock.<\/p>\n<p>The House approved a version of the CLARITY Act in 2025, while the Senate Banking Committee <a href=\"https:\/\/news.bitcoin.com\/pro-crypto-clarity-act-h-r-3633-passes-senate-banking-committee-15-9\/\">advanced<\/a> its version on June 10, 2026. The bill still <a href=\"https:\/\/news.bitcoin.com\/what-comes-next-for-the-clarity-act-grayscale-flags-key-hurdles\/\">requires<\/a> Senate passage, reconciliation with the House version, final approval by both chambers, and the president\u2019s signature before becoming law.<\/p>\n<h2> <span>Stablecoins<\/span> and AI Oversight Remain Central to Banking Committee Agenda<\/h2>\n<p> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Stablecoins<\/a> formed a major part of the South Carolina Republican\u2019s case for digital asset legislation. He presented dollar-backed tokens as one piece of a larger framework for keeping financial innovation inside the United States.<\/p>\n<p>The chairman also connected digital assets to working families and payment access. The senator said faster delivery and lower transaction costs could help single mothers, people living paycheck to paycheck, and households managing frequent payments.<\/p>\n<p>Scott remarked:<\/p>\n<blockquote>\n<p>\u201cWe need to make sure that we protect the American worker and make sure they don\u2019t feel replaceable. Good, hard workers plus artificial intelligence should make us more productive. That means incomes will rise and we will have a better future.\u201d<\/p>\n<\/blockquote>\n<p>Artificial intelligence oversight also drew focus during a June 11 Senate Banking Committee hearing on AI in financial services, which Scott described as \u201cthe first of many hearings.\u201d The Banking Committee chairman said lawmakers would examine consumer protection, electricity costs, water usage, and the financial burden that AI development could place on households.<\/p>\n<p>The lawmaker added that the Banking Committee would seek a regulatory environment helpful to American companies, American workers, and the country\u2019s future. He also said lawmakers broadly agree that China should not lead in AI and that American companies should build the technology stack.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/clarity-act-gets-new-push-as-senator-ties-crypto-rules-to-us-dollar-power\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Senator linked crypto regulation to dollar demand, consumer safeguards, and U.S. financial leadership. Stablecoin reserves could support demand for dollars and Treasuries, according to the senator. Lawmakers still must pass, reconcile, and approve the CLARITY Act before enactment. Scott Links CLARITY Act Push to USD Dominance [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":73947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73946"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73946"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73947"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}