The US Senate will vote in September on advancing the CLARITY Act, a landmark piece of legislation for the US crypto sector. The bill would establish a federal market structure for digital assets, clarify when crypto assets fall under securities or commodities laws, and delineate oversight responsibilities between the SEC and the CFTC. Negotiations have stalled over ethics provisions that would restrict government officials and their families from issuing or profiting from digital assets while in office. Lawmakers are now working on a bipartisan ethics addendum that would require the president to divest from certain crypto-related businesses.
Source: Read the original article
