New Crypto Bill Comes to Light as SEC Updates Staking Rules
On Thursday, the House Financial Services and Agriculture Committees unveiled the much-anticipated bipartisan bill, the CLARITY Act. This new bill intends to alter how cryptocurrency is governed in the United States.
The bill would move the regulation of most crypto tokens from the SEC to the Commodity Futures Trading Commission (CFTC), which is seen as more open to crypto. It also creates a new class termed “digital commodities”, which would encompass widely traded tokens such as Bitcoin, Ethereum, Solana, Cardano, XRP, and Dogecoin.
The CLARITY Act introduces something new, which is a “mature blockchain system” label. They might qualify for this if they are open-source, decentralized, and one company or entity does not control…
