US Senate

The CLARITY Act, recently passed by the U.S. House and moving through the Senate, promises clearer regulations for the crypto industry. This legislation aims to provide a robust framework, fostering innovation and security. Learn how this impacts your crypto investments and platforms like Bitlet.app, which enhances buying flexibility with crypto installment services.

Kraken's Global Head of Policy, Jonathan Jachym, urged the U.S. Senate Banking Subcommittee to pass comprehensive crypto legislation, highlighting the need for a unified regulatory framework that fosters innovation and protects consumers.

The U.S. Senate has introduced a streamlined version of its crypto market structure legislation, contrasting with the House's more comprehensive CLARITY bill. Both bills agree that major digital assets like Bitcoin and Ether may not be securities, but their differing approaches indicate ongoing debates in crypto regulation. The eventual reconciliation will significantly influence the future U.S. regulatory landscape for cryptocurrencies.

The U.S. Senate and House are moving forward with bills to regulate digital assets, specifying that major cryptocurrencies like Bitcoin and Ether are not securities, while introducing disclosure rules for issuers. Meanwhile, the Tornado Cash co-founder faces allegations of enabling money laundering.

The U.S. Senate has voted to advance stablecoin regulation, reflecting a growing influence in the cryptocurrency sector. Despite some opposition from Senate Democrats citing ethical concerns, the bill is poised for final passage, with implications for major players in the industry.