U.S. Senator Hagerty Urges Senate to Pass the CLARITY Act

Odaily News: U.S. Senator Bill Hagerty is calling on the Senate to pass the CLARITY Act (a digital asset market structure bill) as soon as possible, stating that the United States cannot afford to fall behind in the digital asset space. Hagerty noted that establishing a clear regulatory framework is crucial to advancing U.S. digital asset innovation and maintaining global competitiveness. The CLARITY Act aims to clarify the division of regulatory responsibilities for the U.S. digital asset market and provide the crypto industry with a more defined set of rules. The bill is currently awaiting further deliberation in the Senate.