The CLARITY Act will help reshore the crypto industry in the US — Attorney
Cointelegraph
Attorney Bill Hughes argues that the CLARITY Act is essential for establishing clear regulations and bringing the crypto industry back to the United States.Summary
Bill Hughes, senior counsel at Consensys, asserts that the Digital Asset Market Clarity Act (CLARITY) is vital for the United States to regain its position as a global crypto hub. Currently, the vast majority of crypto trading occurs on non-US exchanges, with Coinbase representing a small fraction of the top global market share. The proposed legislation aims to replace years of regulatory uncertainty with a clear framework, which supporters argue will incentivize companies to build within the US. However, experts warn that the legislative window is rapidly closing due to the upcoming US midterm elections, with limited time remaining before the summer recess to finalize the bill.
(Source：Cointelegraph)