State Attorneys General Balk at Clarity Act Over Federal Preemption Worries

A bipartisan group of state attorneys general has expressed opposition to the Clarity Act, citing concerns over federal preemption. The bill aims to clarify which states can regulate digital assets, but some worry it could undermine their authority.

The Clarity Act has been met with resistance from various stakeholders, including CoinDesk, a media outlet that covers the cryptocurrency industry. Bullish, an institutionally focused global digital asset platform, owns and invests in digital asset businesses and digital assets.

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