US Lawmaker Says CLARITY Act Would Clarify Rules for Memecoin Issuance
JH Kim
Summary
- French Hill, chairman of the US House Financial Services Committee, said passage of the CLARITY Act would make digital-asset regulations, including rules for memecoin issuance, clearer.
- Hill said that once the CLARITY Act takes effect, regulatory standards for a range of digital-asset activities would become clearer, including memecoin issuance, investment in cryptocurrency exchanges and joint investments.
- Cointelegraph, citing Hill's remarks, said the bill could lead to clearer digital-asset regulation.
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French Hill, chairman of the US House Financial Services Committee, said the CLARITY Act would provide greater regulatory clarity for digital assets, including memecoin issuance, if enacted.
Cointelegraph reported on July 10 that Hill said the measure would set clearer regulatory standards for a range of digital-asset activities, including issuing memecoins, investing in cryptocurrency exchanges and joint investments.
JH Kim
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