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🚨 Major Development on Crypto Regulation
Coinbase CEO Brian Armstrong stated that the U.S. Senate is showing strong momentum on the crypto market structure bill (CLARITY Act), with Republicans appearing to have the votes needed to advance it out of the Senate Banking Committee.
This would be a significant step forward for clearer rules on digital assets, stablecoins, and the division between SEC and CFTC oversight.
My take: This is positive regulatory progress the industry has been waiting for. While committee advancement is not a final passage, it brings us closer to much-needed clarity that could unlock more institutional participation.
Still, the bill needs full Senate approval (60 votes) and reconciliation with the House version.
How are you viewing this development?
Bullish for long-term adoption, or waiting for full passage before celebrating?
#CLARITYActVoteToday
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