"Clarity Act"
"great comfort to the market"
"what we're seeing in the crypto market over the past few months means more than ever that the U.S. needs market structure, we need clarity, and we need to get this across the line this spring,"
Congress must move quickly to pass crypto legislation establishing clear federal rules for digital assets and deliver the bill to the President for signature this spring. The proposed Clarity Act would provide great comfort to the market amid heightened volatility and create a defined regulatory framework. Some crypto firms have attempted to block the legislation, yet a bipartisan coalition remains committed to advancing the bill; that coalition's momentum could weaken if Democrats regain House control in November. Recent bitcoin and digital asset volatility underscores the urgency for legal certainty. Disputes center on stablecoin yield restrictions and regulatory oversight.
Read at Bitcoin Magazine
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