The legislators of the American Chamber Agriculture Committee voted in favor of the clarity of the digital asset market, or clarity, of the law, advancing the bill in the congress.
During a vote of 47-6 Tuesday, an overwhelming majority of committee legislators approved the Clarity Act to establish a regulatory framework for digital assets. Committee president GT Thompson said the bill would be sent to the Chamber for examination, adding that all members offering opposite opinions would have the possibility of submitting them by Friday.
The vote came next to the debate on the Chamber’s Financial Services Committee to discuss an amendment that could add protections for blockchain developers at the Clarity Act. At the time of publication, the committee had not voted on the bill.
According to its sponsors and co-sponsors, the Clarity Act is intended to establish clear rules under which digital asset companies can operate in the United States, also specifying whether certain investment vehicles fall under the securities commission (SEC) or the Commodity Futures Trading Commission (CFTC). Taking into account the bill, first presented on May, especially when the Senate should vote on the Act on Engineering – legislation to regulate the stables of payment.
This is a history in development, and additional information will be added as it will be available.
