Summary
- Hester Peirce, an SEC commissioner, said she is optimistic the CLARITY Act will pass.
- Peirce said the SEC will continue pursuing virtual asset (cryptocurrency) regulatory reform regardless of the bill’s outcome.
- Peirce said a clearer regulatory framework and a well-defined market structure would help boost US crypto competitiveness and ease long-term regulatory uncertainty.
Forecast Trend Report by Period
SEC Commissioner Hester Peirce said she is optimistic the CLARITY Act will pass, according to Binance News on August 4.
Peirce said she expects the bill to clear Congress. Regardless of the outcome, the SEC will continue pursuing regulatory reform for virtual assets, or cryptocurrencies, she said. Even if the legislation fails, there is still much the agency can do.
She also said the crypto industry needs a clearer regulatory framework. A well-defined market structure would strengthen US competitiveness in digital assets and help reduce the industry’s long-term regulatory uncertainty.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.