US Senate Republicans unveil new version of CLARITY Act
- —Trump approved about 80% of the ethics provisions from Tillis and Gallego
- —The BRCA scope was narrowed to the Bank Secrecy Act and civil cases
- —A 'circuit breaker' was added in case of deposit outflows into stablecoins
- —State prosecutors will be able to monitor compliance with ethics rules
Why it matters: Tuesday's vote will determine the fate of the key US crypto law and the regulatory framework for the industry.
Source: PANews
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