CLARITY Act Vote Within 4 Days: Will It Pass?

The CLARITY Act has been the talk of town within the cryptocurrency community for quite some time now. According to Senate Majority Leader John Thune the Senate may hold an initial vote on the legislation before its planned recess this week. Thune stated, “I think market structure we’ll get a vote on. Whether we can get on it or not, we’ll see.” The Senate Majority Leader further added that the Senate has “a bunch of stuff we have to finish” in a tight window.

Why Is The CLARITY Act Important For The Cryptocurrency Market?

The CLARITY Act aims to bring more regulatory clarity to the budding asset class. The legislation also aims to bring more investor protection. If passed the law could lead to investors feeling a lot more safe within the cryptocurrency sector. The cryptocurrency landscape is plagued with scams and hacks that has kept a significant number of people away from it. However, the CLARITY Act could change this outlook.

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