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Crypto Market May Shrug Off Failure of US Clarity Act

Crypto Market May Shrug Off Failure of US Clarity Act

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Photo: Shutterstock
Photo: Shutterstock

The cryptocurrency market is set to sustain its growth even if the Clarity Act fails to pass Congress.

Chris Perkins, chief executive officer of 250 Digital Asset Management, told Cointelegraph on May 2 that the fallout for the industry would be limited because major US financial regulators are already putting in place a workable framework.

Perkins highlighted policy coordination between Paul Atkins, chairman of the US Securities and Exchange Commission, and Michael Selig, chairman of the Commodity Futures Trading Commission. The two agencies issued a joint interpretation in March setting out how federal securities laws apply to digital…

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