Crypto
Trump Pushes Clarity Act, Sends Cryptocurrency Stocks Soaring
US President Donald Trump has called on Congress to pass the Clarity Act, an industry-backed bill that would establish clear rules for the digital asset sector.
The bill aims to clarify whether cryptocurrency qualifies as a security or a commodity, resolving jurisdictional disputes between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission over the sector.
Industry executives and analysts say that without legislation, regulations are vulnerable to shifting political winds and court challenges.