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Trump Claims he can ‘Future Proof’ Crypto Regulation with CLARITY Act

Cointelegraph
President Donald Trump intends to use the CLARITY Act to codify digital asset regulations and protect them from future administrative changes.

Summary

US President Donald Trump has announced plans to implement the Digital Asset Market Clarity Act (CLARITY) to establish a "future-proof" framework for the cryptocurrency industry. By codifying these regulations, the administration aims to prevent future political shifts from undermining digital asset policies. The bill, which has faced legislative delays due to concerns regarding ethics and potential conflicts of interest involving the Trump family's business ties to crypto projects, currently requires bipartisan support in the Senate to advance.

(Source:Cointelegraph)