The US House of Representatives has passed H.R. 3633, the CLARITY Act, with bipartisan support of 294-134. This measure aims to establish a clear regulatory regime for digital assets, benefiting consumers, investors, and market participants.
Supporters of the bill emphasize its importance in providing legal and regulatory certainty for the crypto and financial services industry. The CLARITY Act is seen as a crucial step in promoting US dominance in the fast-growing digital asset economy, creating jobs, and driving innovation.
Industry leaders, including Coinbase, Kraken, and Ripple, have expressed their support for the bill, highlighting its potential to unlock American innovation and economic opportunity. Others, such as The Club For Growth, praise the legislation’s ability to create more freedom and innovation in financial transactions.
The CLARITY Act is expected to move to the Senate next, where it will require further approval. With bipartisan backing, this measure has the potential to shape the US digital asset landscape and solidify America’s position as a leader in the global economy.
Source: https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=410816