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U.S. House Committee Advances Crypto Regulation with CLARITY Act Review
U.S. House Committee Advances Crypto Regulation with CLARITY Act Review
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The U.S. House Committee on Financial Services is set to review the CLARITY Act, a bipartisan legislative proposal aimed at enhancing oversight and transparency in cryptocurrency markets. The bill's progression hinges on the passage of the GENIUS Act, which addresses the financial system's adaptation to technological innovation.
Growing demand for regulatory clarity in the crypto sector has amplified interest in the CLARITY Act. Its provisions could establish a structured legal framework, potentially mitigating risks while fostering market growth. The bipartisan support suggests smoother legislative navigation, though the GENIUS Act remains a critical precursor.
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