At the Token2049 conference, Binance co-CEO Richard Teng said he hoped the CLARITY Act would become law in the United States, arguing that legislation could prevent regulatory backtracking and encourage institutions to enter the market. He described the possibility of reversing current progress as “the biggest fear” for the industry. Meanwhile, Franklin Templeton CEO Jenny Johnson said legislation would provide greater certainty but cautioned that the industry should not rely on the CLARITY Act passing. She said the SEC and CFTC were already working to provide regulatory clarity, allowing innovation and institutional adoption to continue.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
