Brian Armstrong: The U.S. Needs the Clarity Act to Establish Clear Rules for the Crypto Industry

Odaily News: Brian Armstrong posted on X, stating that one of the simplest ways to explain cryptocurrency is that it provides faster, cheaper, and more efficient financial services. The traditional financial system was born around the 1970s and, in some cases, still operates on outdated mainframe computers to this day. That is why basic functions such as weekend transfers or low-cost wire transfers remain unavailable. The United States needs to pass the Clarity Act to lead the industry with clear rules, rather than letting outdated systems and uncertainty prevail.