Hagerty Urges Senate to Swiftly Pass CLARITY Act
Minseung Kang
Summary
- Sen. Bill Hagerty urged the Senate to swiftly pass the CLARITY Act, a market structure bill for digital assets.
- Hagerty said the US must not fall behind in digital assets and called for quick action on the CLARITY Act.
- He stressed that a clear regulatory framework is critical to US digital-asset innovation and maintaining global competitiveness.
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Sen. Bill Hagerty called on the US Senate to swiftly pass the CLARITY Act, a market structure bill for digital assets.
Odaily reported on August 4 that Hagerty said the US must not fall behind in digital assets and pressed for quick action on the legislation.
He also stressed that a clear regulatory framework is essential to foster US digital-asset innovation and maintain global competitiveness.
The CLARITY Act would divide regulatory responsibilities for the US digital-asset market among agencies and provide the industry with clearer rules. The bill is awaiting further Senate review.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.