PiCK

U.S. House Passes 'CLARITY Act,' a Bill on Digital Asset Market Structure

Source
JH Kim

Summary

  • It was reported that the digital asset market structure bill, the 'CLARITY Act,' was passed in the United States House of Representatives.
  • The bill has been promoted to clarify the legal status of digital assets and regulatory standards for exchanges, with the goal of resolving market uncertainty.
  • The passage of the CLARITY Act in the House is considered a major milestone in the institutionalization of the U.S. virtual asset industry.

On the 17th (local time), on-chain data platform Unfolded reported via X (formerly Twitter) that the United States House of Representatives had passed the digital asset market structure bill known as the 'CLARITY Act.'

This bill has been promoted to clarify the legal status of digital assets and the regulatory standards for exchanges, aiming to resolve uncertainty in the market.

The passage of the CLARITY Act in the House is considered a major milestone for the institutionalization of the U.S. virtual asset (cryptocurrency) industry.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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