According to ChainCatcher, the U.S. digital asset market structure bill known as the CLARITY Act will enter committee review this week, following nearly a year of bipartisan collaboration. Senators Cynthia Lummis, Tim Scott, and Thom Tillis jointly released the bill’s text, which aims to establish a clear regulatory framework for digital assets, protect investors, combat illicit financial activities, and keep innovation in the United States.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Poland's Law and Justice Party Submits Bill to Comprehensively Ban Crypto on May 12
According to BlockBeats, on May 12, Poland's far-right Law and Justice party (PiS) submitted a new bill proposing a comprehensive ban on cryptocurrency-related activities as the parliament simultaneously reviews four crypto asset regulatory bills from the government, President Karol Nawrocki, the Po
GateNews30m ago
Five Labor Unions Oppose Senate Crypto Bill Ahead of Thursday Committee Markup
According to CNBC, five labor organizations opposed a pending Senate crypto market structure bill on Tuesday, warning it would expose worker retirement accounts to cryptocurrency volatility. The groups—AFL-CIO, Service Employees International Union, American Federation of Teachers, National
GateNews2h ago
U.S. Senate Banking Committee Releases Updated CLARITY Act Draft with New Insider Trading Provision
According to ChainCatcher, the U.S. Senate Banking Committee released an updated CLARITY Act draft this year, marking the first major revision since January. The new draft adds Section 109 establishing insider trading rules and updates multiple provisions, including redefining SEC authority and
GateNews3h ago
U.S. Requires Korea to Align Stablecoin AML Standards to Global Level, Says MRI CEO on May 12
According to Kim Jong-seung, CEO of think tank MRI, speaking at a seminar held on May 12, the U.S. requires stablecoin issuers—including those issuing won-denominated stablecoins—to meet anti-money laundering (AML) and counter-terrorism financing (CFT) standards comparable to U.S. levels. Kim
GateNews8h ago
The U.S. Senate Banking Committee has released the latest version of the CLARITY Act, with primary focus on protecting consumers
According to CoinDesk’s May 12 report, the U.S. Senate Banking Committee on Tuesday officially released the latest version of its cryptocurrency market structure bill, the “CLARITY Act.” The text totals 309 pages and is being prepared for the committee hearing and vote scheduled for May 14. In a statement, Committee Chair Tim Scott said the bill puts consumers first and ensures the future of finance remains in the United States. Bill Core Provisions: Stablecoin Yield Limits and DeFi Protections
MarketWhisper9h ago
Park Min-gyu Calls for Blockchain, Stablecoin Regulatory Reform by Year-End
Democratic Party legislator Park Min-gyu called for accelerated legal and regulatory reforms in South Korea's blockchain and stablecoin industries at a seminar held on June 12 at 2 PM in the National Assembly Building's Room 3. Speaking at an event titled "U.S. Stablecoin AML Regulatory Framework an
CryptoFrontier9h ago
