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Senate CLARITY Act Vote Looms as Regulators Weigh Digital Asset Autonomy

Guavy AI Editorial Team
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The U.S. Senate is set to take a crucial procedural vote on September 15 regarding the CLARITY Act, which could significantly impact how digital assets are regulated in the country.

Currently, the bill needs 60 votes to move forward and open up the Senate floor for debate. Even if it passes this hurdle, there is still a long way to go before becoming law - including full debate, a vote, and agreement between both the House and Senate on the same version of the bill.

The CLARITY Act aims to protect users' right to hold cryptocurrency in self-custody wallets under federal law. This means that if it passes, traders could enjoy greater autonomy over their digital assets without fear of government interference or confiscation.

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