U.S. Democratic senators push for bipartisan agreement on digital asset bill 'CLARITY Act'
JH Kim
Summary
- U.S. Democratic senators said they have begun cooperating with Republicans to seek a bipartisan agreement on the 'CLARITY Act', a digital asset market structure bill.
- The 'CLARITY Act' aims to establish a regulatory framework for the virtual asset industry and includes provisions to clearly delineate the jurisdictions of the SEC and CFTC.
- The bill includes a provision to exempt virtual assets that meet certain requirements from the registration requirements under the Securities Act of 1933.
On the 19th (local time), according to crypto-focused media Crypto Briefing, U.S. Democratic senators have begun cooperating with Republicans to seek a bipartisan agreement on the digital asset market structure bill, the 'CLARITY Act'.
The CLARITY Act aims to establish a regulatory framework for the virtual asset industry. The bill includes provisions to clearly delineate the jurisdictions of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and to exempt virtual assets that meet certain requirements from the registration requirements under the Securities Act of 1933.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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