The lawmaker said that Democrats and Republicans have narrowed their differences when it comes to passing the bill.
- U.S. Congressman French Hill is pushing for bipartisan support to pass the Clarity Act, a crypto market structure bill, before the midterms.
- The bill aims to establish a regulatory framework for digital assets, distinguishing between securities, commodities, and stablecoins, with a key remaining issue being an ethics provision.
- Despite past delays and disagreements, a vote is scheduled for September 15, with proponents like Coinbase and former President Trump emphasizing the need for clear regulations to maintain U.S. leadership in the crypto space.
Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Cross jurisdictional policy, Onboarding prime brokerage
Tags: #clarityact #frenchhill #cryptoregulation #bipartisansupport #houseofrepresentatives #senate #securities #commodities #stablecoins #ethicsprovision
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