Historic Vote Sets Stage for Crypto Regulation

In a pivotal move, the US House of Representatives has approved the CLARITY Act, marking a significant step towards establishing a structured regulatory framework for the cryptocurrency market. The bill, which garnered substantial bipartisan support, passed with a decisive vote of 278-129.

Path to the Senate and Presidential Backing

Now en route to the Senate, the proposal enjoys the endorsement of US President Donald Trump. It aims to clarify the regulatory boundaries by defining which digital assets fall under the jurisdiction of the Securities and Exchange Commission as securities.