Key Highlights:The Clarity Act moves crypto oversight to the CFTC. 🚨JUST IN: The @SenateAg Committee has just passed its portion of the Clarity Act out of committee on a 12-11 party line vote with no Democrats voting in favor. Clarity Act Milestone for Crypto RegulationThe Clarity Act draws a clean line in the crypto world and has assigned spot trading of digital commodities under the CFTC. This thought process is in line with Trump’s inflation battle, but not with a friendly stance on crypto assets. However Warsh’s stricter stance could conflict with Trump’s pro-crypto approach, especially if Fed powers clash with the Clarity Act.