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US Senate to Vote on Clarity Act Amid Ongoing Crypto Regulation Debates

Guavy AI Editorial Team
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The US Senate is set to vote on the updated Clarity Act on September 15, which aims to clarify regulations for the digital asset market in the US.

The bill intends to make rules clearer for crypto companies, divide powers of regulators, and establish an approach to DeFi, credit unions, and blockchain.

A key focus is on the DeFi sector, with protocols that cannot be recognized as fully decentralized required to register with the CFTC and operate under supervision rules. This will strengthen regulation while preserving space for innovation and entrepreneurship in the crypto industry.

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