Crypto
Revised Crypto Clarity Act Released Ahead of September 15 Vote
A revised version of the Cryptocurrency Clarity Act has been released ahead of its upcoming floor vote on September 15.
The updated bill introduces new requirements for decentralized finance (DeFi) protocols, which must now register with the Commodity Futures Trading Commission (CFTC).
The legislation also clarifies how federal credit unions can use digital assets and distributed ledger systems to perform various financial activities.
The Clarity Act aims to establish a framework for distinguishing between different types of digital assets, including securities, commodities, and stablecoins.