In accordance with BitcoinWorld, Senator Cory Booker has stated that the CLARITY Act, a key piece of legislation for crypto market structure, faces a significant political obstacle. The bill may stall unless Democratic commissioners are appointed to the SEC and CFTC. The CLARITY Act aims to clarify regulatory roles between the two agencies and provide exemptions for certain digital assets from securities registration. Booker emphasized the importance of agency independence and bipartisan support for the bill’s success. Despite challenges, he expressed confidence in the legislation’s eventual passage due to the growing need for regulatory clarity in the crypto industry.
Senator Cory Booker Highlights Political Hurdle for CLARITY Act
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