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The cryptocurrency bill that Trump wanted has been submitted to Congress.
The bill named CLARITY, which will bring clear regulations to the crypto sector in the US, has been presented to Congress.
The Chairman of the House Financial Services Committee, French Hill, who is leading the work on the bill, stated, "The draft we have prepared will bring much-needed clarity to the digital asset ecosystem. Consumer protection and American innovation will take center stage. I look forward to getting the bill to President Trump's desk and solidifying America's global leadership in digital assets."
The chairman of the Agriculture Committee, G. T. Thompson, who is the "co-sponsor" of the bill, commented on the matter, stating, "An exciting step towards providing the clarity that digital asset entrepreneurs and markets need."
The proposed regulations for the cryptocurrency market in the draft will be summarized as follows:
If the bill is accepted, it will create the first comprehensive legal framework for digital assets in the USA.
Finally, the subcommittee chairman Bryan Steil, one of the supporters of the bill, stated, "The golden age of digital assets has begun. America will not only be a participant in the web3 revolution, but it will also be the winner of this revolution." Meanwhile, Congressman Warren Davidson noted that the bill "protects the right to self-custody and the freedom to transact." Another Congressman, Ritchie Torres, expressed that the bill would "end the uncertainty that has long hindered the full potential of digital innovations."
Published: May 30, 2025 00:06