Over 200 Crypto Firms Now Back the Clarity Act. If It Passes, This 1 Cryptocurrency Could Soar in Price
Key takeaways
- The House of Representatives passed the Clarity Act last July.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
- Solana served more than 11,500 developers last year, making it the second-largest developer-oriented blockchain after Ethereum (CRYPTO: ETH).
SOL-USD On June 7, a coalition of more than 200 crypto firms sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging them to schedule the Digital Asset Market Clarity Act for a full Senate vote. The coalition argues that passing the Clarity Act would establish a federal framework for digital assets, clarify the regulatory roles of the SEC and CFTC, create clearer registration pathways, and extend protections to software developers.
The House of Representatives passed the Clarity Act last July. Still, it s been stuck in limbo in the Senate amid debates regarding anti-money-laundering measures, rules for decentralized finance (DeFi) platforms, rules for government officials holding cryptocurrencies, and community bank deregulatory provisions. But if it finally passes this year, Solana (CRYPTO: SOL) could skyrocket and outperform many other cryptocurrencies.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »