CLARITY Act Faces New Hurdle Ahead of Senate Vote

The CLARITY Act is facing another obstacle in the Senate as Democrats and Republicans negotiate over proposed rules for vertically integrated crypto companies. The dispute comes ahead of a key cloture vote next week that could determine whether the cryptocurrency market structure bill advances. According to Politico, Democratic senators want the CLARITY Act to direct regulators to establish standards aimed at preventing conflicts of interest at vertically integrated crypto firms. Such companies may control several parts of the same business ecosystem, potentially creating risks similar to…  Read more

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