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Search "CLARITY" has a total of79related results
Techub News reports that the U.S. crypto industry has begun adjusting its political lobbying strategy following the stalling of the CLARITY Act in the Senate. The industry is shifting its focus to the upcoming Senate elections in search of crypto-friendly legislative support. (Google News: CLARITY Act)
Techub News reports that the Social Security Claiming Clarity Act in the United States has been passed by Congress and is now awaiting the president's signature to become effective. This bill aims to clarify the rules for claiming social security benefits. The bill aims to provide clearer guidance for the process of claiming social security benefits. The Social Security Claiming Clarity Act has completed the legislative process in Congress, and the next step will be for the president to decide whether to sign it into law. (Google News: CLARITY Act)
Techub News reports that the Congressional Research Service has released an analysis report listing 11 types of cryptocurrency activities that the proposed CLARITY Act in the Senate would allow U.S. banks and credit unions to engage in, including digital asset underwriting and trading. The report aims to provide references for legislators, detailing how the bill, if passed, would establish a clear legal framework for traditional financial institutions to participate in the cryptocurrency market. (Crypto.news)
Techub News reports that US Representative Bryan Steil stated that the CLARITY Act has been passed in the House of Representatives with overwhelming bipartisan support. The bill aims to provide a clear framework for cryptocurrency regulation. (Fox Business)
Techub News reported that asset management company Bitwise released an analytical report mapping the development of four major beneficiary areas within the crypto industry during the stalled legislative progress of the CLARITY Act in the United States. The report aims to analyze structural changes in the market under regulatory uncertainty. Bitwise's report pointed out that in the context of hindered traditional regulatory legislative paths, crypto-native areas such as decentralized finance, specific blockchain networks, and their ecosystems have gained more attention and developmental momentum. (Google News: CLARITY Act)
According to Techub News, Hunter Biden stated that the CLARITY Act was stalled due to Trump's refusal to accept ethical clauses. The act aims to provide regulatory clarity for the U.S. cryptocurrency industry. (unchainedcrypto.com)
Techub News reports that Stand With Crypto, a crypto advocacy group supported by Coinbase, has released a list of midterm election endorsements, concerning political developments following the stalling of the CLARITY Act in the Senate. The organization aims to promote candidates who support the cryptocurrency industry. (Decrypt News)
Techub News reports that, in the context of the CLARITY Act being stalled after a procedural vote in the Senate, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have taken 9 actions to establish cryptocurrency regulatory rules on their own, in the absence of Congressional legislation. CoinGape reports that these actions indicate regulators are advancing cryptocurrency regulation through the existing authority framework, rather than waiting for new legislative authorization. (Google News: CLARITY Act)
Techub News reports that several weeks after the CLARITY bill stalled following a Senate procedural vote, the crypto advocacy group Stand With Crypto has announced its first round of Senate supporters list. The organization aims to promote legislators who support the cryptocurrency industry. (The Block)
Techub News reports that @EleanorTerrett tweeted that the bankruptcy protection clause in the SEC's proposal regarding investment advisers self-custodying cryptocurrencies is notable. The proposal requires registered investment advisers (RIAs) to enter into a written agreement with their clients, specifying that under Article 8 of the Uniform Commercial Code, the crypto assets self-custodied by the advisers will be considered financial assets. This move aims to reduce the risk of client asset loss in the event of adviser bankruptcy, which is also an issue the CLARITY Act once sought to address.
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