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CLARITY Act on the Line | Bitcoin and Crypto News
Description
The White House is racing against time to pass the CLARITY Act by September, setting federal rules for digital assets and defining when crypto is a security or commodity. Despite hurdles — including Democratic demands for stricter ethics rules around Trump-linked crypto interests and banking groups pushing for stablecoin reward incentives — officials remain committed to the deadline. The Senate’s procedural vote looms, requiring 60 votes, and while tensions run high, the administration’s urgency signals this could be a pivotal moment for U.S. crypto regulation.
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