Millions of people invest in cryptocurrency to grow their money, get in on a new technology or diversify their portfolios. But unlike banks and credit unions, cryptocurrency platforms haven’t had to follow the same rules to keep their investors’ money safe from misuse. But on Tuesday, the Senate could change that.

That gap has led to major scandals, like the collapse of cryptocurrency trading company FTX, that cost investors billions of dollars. Now, U.S. lawmakers could try to catch up with the technology through the CLARITY Act, a bill that would create new rules for cryptocurrencies and the platforms that hold them.

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