Bitcoin News
By Maheen Hernandez
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McHenry's Telecom Comparison and What It Actually Means. The 1996 Telecommunications Act comparison isn't casual. McHenry chose it deliberately.
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What the Crypto Industry Is Watching For. Stakeholders across the industry are tracking the bill closely.
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Patrick McHenry isn't hedging. The former chair of the House Financial Services Committee says the CLARITY Act will pass — full stop.
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That's a big claim. The Telecom Act reshaped how Americans got phone service, internet access, and cable — it basically set the stage for the digital economy we live in now.
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That's the catch. McHenry believes passage is inevitable, but nobody has put a date on it. No official statement has come out laying out the next procedural steps.
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The 1996 Telecommunications Act comparison isn't casual. McHenry chose it deliberately. The Telecom Act didn't just update a few rules — it restructured an entire sector's…
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McHenry's argument seems to be that the CLARITY Act has that same kind of scope. Not a tweak. A reset.
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It's worth noting that McHenry isn't just an outside observer here. He was a central figure in the legislative process around the bill.
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Read also: Ripple CEO Brad Garlinghouse Backs CLARITY Act as Senate Democrats Push Back Hard
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Stakeholders across the industry are tracking the bill closely. The ambiguity in current crypto regulation isn't just an inconvenience — it's probably costing the sector real…
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The CLARITY Act, if passed, would change that. McHenry's position is that it will pass. But "inevitable" and "soon" aren't the same word, and the absence of any disclosed…
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And that's kind of where things stand. The bill exists. The advocacy is there. The former committee chair who helped shepherd it through earlier stages says it's going to happen.
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The crypto industry has been here before — on the edge of what feels like a regulatory breakthrough, watching it stall. The CLARITY Act might be different.
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Read also: CLARITY Act Ethics Fight Splits Senate Along Partisan Lines
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Whether that confidence is earned or just optimistic, the market doesn't have a lot of options besides waiting.
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