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Search "Clarity Act" has a total of57related results
Techub News reports that Kevin Huynh, co-founder of XASH, stated that their reward platform model designed for Solana stablecoin users can operate regardless of whether the CLARITY Act is passed or not. The platform rewards users with Paxos Gold (PAXG). After connecting Phantom or Solflare wallets, users can participate in DeFi venues such as Kamino and Orca. Monthly XP points determine each wallet's share in the gold reward pool. XASH claims that the gold comes from a market development fund supported by venture capital, and the long-term paying customers are stablecoin issuers, not end users. (Unchained)
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, @CryptoWendyO tweeted that Ripple CEO Brad Garlinghouse stated that the Clarity Act is a key step in providing millions of crypto users with clear rules and protections, helping the United States maintain its lead in crypto innovation. The bill aims to establish a clear regulatory framework for digital assets, addressing the long-standing issue of regulatory uncertainty in the industry. Garlinghouse has long called for clearer crypto regulations in the U.S., believing that clear rules will foster innovation and protect consumers.
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