The CLARITY Act just cleared the Senate Banking Committee, a big step toward giving crypto its first real regulatory framework in the U.S. What it does: classifies digital assets as either securities (SEC) or commodities (CFTC), ending years of turf wars and legal gray zones that have plagued the industry. What's still in the way: it needs to clear the full Senate (60 votes required), merge with the Agriculture Committee's version, and resolve two sticking points: crypto's role in financial crime, and an ethics provision around government officials profiting from digital assets. Yes, that one's aimed at Trump. Not law yet. But for the first time, it actually looks like it could be.(Lark Davis)