Lates News

According to CoinDesk, the U.S. Senate Banking Committee has released the latest version of the "CLARITY Act," which aims to bring the crypto industry into the regulated financial system. The text is 309 pages long and includes provisions on stablecoin revenue limits while retaining legal protections for DeFi developers. The committee will hold a hearing and vote on the bill this Thursday. Committee Chairman Tim Scott said the bill "puts consumers first in the fight against illegal finance." Currently, ethical provisions requested by the Democratic Party to restrict officials from profiting from the crypto industry have not been included, and the White House opposes provisions targeting the President. The bill is expected to be completed by July 4th or the first week of August.