
Regulation3m read
US Senators Urge Treasury to Uphold State Authority in Stablecoin Regulation
Bipartisan US senators are urging the Treasury Department to safeguard state involvement in the implementation of upcoming stablecoin regulations.

Bipartisan US senators are urging the Treasury Department to safeguard state involvement in the implementation of upcoming stablecoin regulations.
Major cryptocurrency firms are pressing the U.S. Senate to pass the Digital Asset Market Clarity Act, emphasizing crucial protections for blockchain developers.

A key piece of U.S. crypto legislation, the 'Clarity Act', is facing scrutiny over potential gaps that could enable money laundering, sanctions evasion, and conflicts of interest.

As the US Senate resumes, discussions around the CLARITY Act intensify, with Democratic lawmakers pushing for ethics provisions to prevent conflicts of interest in crypto legislation.