‘Crypto Capital of the World’: SEC Chair Expects Clarity Act to Pass This Month
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SEC Chair Gary Gensler said he expects the Clarity Act to pass this month. The bill is intended to delineate regulatory jurisdiction between the SEC and CFTC for digital assets, clarifying which tokens are treated as securities versus commodities. That regulatory clarity would reduce legal uncertainty for spot markets and exchanges and could support greater institutional participation and improved liquidity for Bitcoin.
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