CLARITY Act · France · Democrats · Republicans · Bitcoin Magazine
The Clarity Act was first introduced by Hill, the House Financial Services Chairman, last year
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Crypto companies have long called for clear regulations for the industry.
Key facts
- The Clarity Act was first introduced by Hill, the House Financial Services Chairman, last year
- U.S. congressman French Hill expressed the importance of bipartisan support to get the long-awaited crypto market structure bill, the Clarity Act, over the line before the midterms
- The lawmaker told Fox Business Thursday that Democrats and Republicans have come to “narrow their differences in getting the bill drafted
- Pro-crypto lawmakers were hoping the Clarity Act passed before Congress departed for August recess
Summary
The lawmaker said that Democrats and Republicans have narrowed their differences when it comes to passing the bill. U.S. congressman French Hill expressed the importance of bipartisan support to get the long-awaited crypto market structure bill, the Clarity Act, over the line before the midterms. The lawmaker told Fox Business Thursday that Democrats and Republicans have come to “narrow their differences in getting the bill drafted. Pro-crypto lawmakers were hoping the Clarity Act passed before Congress departed for August recess. “Can Democrats work with Republicans and make sure America leads the world in distributed ledger technology and financial services?” Hill said.