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US Senate Advances Landmark Cryptocurrency Regulatory Bill
US lawmakers advance the Bitcoin Clarity Act to establish a regulatory framework for digital assets ahead of the August recess.
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Senator Cynthia Lummis plans to introduce the Bitcoin Clarity Act before the August recess to establish a U.S. regulatory framework. While some Senate Democrats have opposed the bill, labeling it 'corrupt,' Treasury Secretary Scott Bessent indicated on July 21 that the legislation is nearing passage. The act represents a significant step toward defining the legal status of bitcoin in the United States.
US lawmakers advance the Bitcoin Clarity Act to establish a regulatory framework for digital assets ahead of the August recess.
Read the full storyTreasury Secretary Scott Bessent signaled the CLARITY Act is nearing Senate approval, boosting investor hopes for a formal crypto regulatory framework before the August recess.
Senator Cynthia Lummis aims to establish a clear legal framework for Bitcoin and digital assets by introducing the Clarity Act before the August recess.