Home
News
Details

CLARITY Act to Reach Senate Markup in January 2025, Aiming to Clarify Crypto Regulation

iconCoinotag
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
XRP
$1.91608-0.43%
The CLARITY Act, or Digital Asset Market Clarity Act, is set to move to the Senate for markup in January 2025, as confirmed by White House crypto advisor David Sacks. The bipartisan bill seeks to define crypto assets as either securities or commodities, assigning regulatory oversight to the SEC or CFTC. It aligns with efforts under EU Markets in Crypto-Assets Regulation to bring legal clarity. The legislation, backed by industry consultations during the 2024 government shutdown, has received support from major firms like Coinbase and Ripple. Over 70% of crypto executives back regulatory clarity, including measures for Countering the Financing of Terrorism.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.