CLARITY Act: Crypto's Lifeline or Lost Opportunity?
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Peter Van Valkenburgh from Coin Center warns of potential harsh crackdowns if the CLARITY Act, a key crypto market structure bill, remains stalled. The bill aims to set clear rules for crypto intermediaries, digital assets, and token classification, with protections for developers. Van Valkenburgh emphasizes the need for statutory safeguards to avoid being at the mercy of shifting politics and prosecutorial whims. The bills progress has been hindered by disagreements between banks, crypto companies, and lawmakers, particularly on stablecoin yields. Despite recent friendly guidance from the SEC, Van Valkenburgh urges passing CLARITY now to ensure lasting clarity and neutrality for the crypto industry.
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