This bill could tighten the government’s grip on the cryptocurrency market.
Last July, the U.S. House of Representatives passed the Digital Asset Market Clarity Act, which aims to establish a comprehensive regulatory framework for all digital assets. The Senate hasn’t passed the bill yet, and the Senate Banking Committee is currently reviewing it.
After several months of bipartisan negotiations, the Senate Banking Committee recently drafted clearer amendments for the bill. It’s still unclear when (or if) it will be passed into law, but crypto investors should be aware of the Clarity Act’s three most significant potential changes.
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1. Commodities vs. securities
The Clarity Act will determine which…
