The time is now: the Senate must act on crypto market structure legislation
CoinDesk
The Senate must pass the CLARITY Act to provide a regulatory framework for the digital asset market and maintain U.S. financial innovation.Summary
Following the success of the GENIUS Act in stabilizing the stablecoin market, the author argues that the U.S. must pass the CLARITY Act to regulate broader digital asset markets. This legislation aims to define the roles of the SEC and CFTC, protect non-custodial technologies, and provide the clarity needed to prevent further migration of developers and institutional activity to offshore jurisdictions like the EU and Singapore. Despite the complexity of negotiations, bipartisan progress has been made, and the author urges the Senate Banking Committee to act quickly to secure the future of financial infrastructure within the United States.
(Source：CoinDesk)