U.S. Senate Banking Committee Chairman Tim Scott has joined Senator Cynthia Lummis to support the CLARITY Act, a bill aimed at establishing a regulatory framework for the cryptocurrency market. This legislation combines the work of the Senate Banking and Agriculture Committees and seeks to protect Americans’ savings while providing entrepreneurs with the opportunity to create jobs. Senator Lummis released an updated version of the bill, describing it as the product of cooperation between the two committees. Tim Scott has promised to push this bill through Congress, which would represent a major breakthrough for Bitcoin, XRP, and other major cryptocurrencies seeking legal certainty in the United States.
Source: Read the original article
