CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-06-06 07:14:25

U.S. Crypto Law : CLARITY Act Set for Review on June 10

The post U.S. Crypto Law : CLARITY Act Set for Review on June 10 appeared first on Coinpedia Fintech News The United States is getting closer to passing a major crypto law. On June 10, lawmakers will review the CLARITY Act, a bill aimed at setting clear rules for digital assets. This review, called a markup, is a key step before the bill can be voted on in the House of Representatives. NEW: @FinancialCmte has officially scheduled a markup of the crypto market structure bill — the CLARITY Act — for Tuesday, June 10 at 10:00 AM EST alongside a handful of other bills. Prepare for a marathon markup sesh! pic.twitter.com/qx6br4hJN9 — Eleanor Terrett (@EleanorTerrett) June 5, 2025 What is CLARITY Act ? The CLARITY Act is designed to make it easier to understand how cryptocurrencies are regulated in the US. It gives clear definitions for digital assets and outlines which agencies, like the SEC and CFTC, should handle what. The goal is to provide a single, easy-to-follow framework for the crypto market. Many in the crypto industry support the bill. Ripple’s legal chief, Stuart Alderoty, called it a big win and a solid foundation for future laws. Lawmakers from both political parties also back the bill, showing rare bipartisan support in Washington. Rep. Bryan Steil supports the CLARITY Act to bring clear crypto rules and protect consumers. However, some critics push for the Fair Tax Act, which would scrap the IRS and replace all federal taxes with a national sales tax for a simpler system. Why the GENIUS Act Matters Too However, the future of the CLARITY Act depends on another bill known as the GENIUS Act, which focuses on stablecoins. If the GENIUS Act fails, it could slow down or block progress on the CLARITY Act. The Senate is expected to vote on the GENIUS Act soon, and many are hopeful it will pass. Democrats Sound the Alarm However, Democratic lawmakers and key witnesses weren’t convinced. Former CFTC Chair Timothy Massad urged a complete rethink, suggesting the SEC and CFTC work together on a clearer framework instead of redefining legal terms around securities and commodities. Democrats argued the bill would undercut the SEC’s oversight and leave parts of the industry unregulated. Representative Maxine Waters warned that the bill introduces vague definitions and could trigger more lawsuits, giving big banks an advantage over startups. Rep. Stephen Lynch added that the bill seemed designed to allow large crypto firms to skirt proper regulation. Push to Add More Protections Several crypto groups are also asking lawmakers to include another proposal called the Blockchain Regulatory Certainty Act. This would protect DeFi developers who do not manage customer funds, helping them avoid being treated like traditional banks. With growing support and rising pressure, the June 10 session will be a key moment for the future of crypto regulation in the US. FAQ What is the GENIUS Act and what does it regulate? The GENIUS Act establishes a regulatory framework for payment stablecoins, requiring issuers to maintain fully backed reserves and regular consumer disclosures. It assigns the Office of the Comptroller of the Currency (OCC) as the main regulator and offers an optional state-level regime for smaller issuers How will the CLARITY Act impact crypto businesses and investors in the U.S.? If enacted, the Act will provide a stable and predictable regulatory environment, making it easier for businesses to comply and for investors to understand their rights and protections.

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约