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The CLARITY Act, also known as the Digital Asset Market Clarity Act, is a proposed US cryptocurrency regulation bill.
The CLARITY Act passed the US Senate Banking Committee in a bipartisan 15-9 vote.
KEY POINTS
- The Act defines when crypto assets are regulated by the SEC versus the CFTC.
- This is the first US bill proposing a workable, unified regulatory framework for digital assets.
- Global industry leaders expect the Act to drive cross-border cooperation and spur mainstream adoption.
- India is identified as a key market likely to be influenced by these emerging global crypto regulations.
COMPANIES
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