Citigroup CEO Fraser Backs Passage of CLARITY Act
JH Kim
Summary
- Jane Fraser, Citigroup’s CEO, said she supports passage of the CLARITY Act, a US digital-asset market structure bill.
- Fraser said, “We want good legislation to pass,” signaling support for digital-asset regulatory legislation.
- The CLARITY Act would establish a US regulatory framework for digital assets and define the jurisdictions of the SEC and the CFTC.
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Jane Fraser, chief executive officer of Citigroup, voiced support for passage of the CLARITY Act, a US digital-asset market structure bill.
“We want good legislation to pass,” Fraser said on August 14, according to cryptocurrency-focused media outlet Bitcoin Magazine.
The CLARITY Act is centered on establishing a US regulatory framework for digital assets and delineating the jurisdictions of the Securities and Exchange Commission and the Commodity Futures Trading Commission.
JH Kim
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