Sixty-five crypto organizations are urging the U.S. House to pass the CLARITY Act, enabling the CFTC to oversee most crypto regulations. This initiative aims to address declining U.S. Leadership in the crypto sector due to unclear rules and foster a more innovative economic environment.
Lobbyists emphasize the significance of regulatory clarity as essential for securing America’s economic future. The CLARITY Act, and its review during ‘Crypto Week’ from July 14, aims to standardize practices across the crypto industry, which is crucial for institutional adoption.
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