CLARITY Act Thursday Markup Explained: What It Actually Means and What Happens Next
The post CLARITY Act Thursday Markup Explained: What It Actually Means and What Happens Next appeared first on Coinpedia Fintech News There is widespread confusion in the crypto community about what Thursdays Senate Banking Committee markup actually means for the CLARITY Act. To be direct: a successful markup on Thursday does not mean the bill becomes law. It does not even mean the bill goes to the Senate floor for a vote. It is one step in a much longer process. Ron Hammond, Head of Policy and Advocacy at Wintermute, broke down exactly what is happening and why it matters. What a Markup Actually Is A markup is the process where committee members debate, amend, and vote on a bill before it can advance to the next stage. Think of it as the committee giving the bill its final shape before passing it up the chain. On Thursday, Senate Banking Committee Chairman Tim Scott will present the base draft. Members can then propose substitute amendments. The committee votes on those amendments and ultimately on whether to advance the bill out of committee. If it passes, the bill moves to the next stage. If it fails, the process stops entirely. Why Amendments Are Flying In From Every