Altcoins News
By Julie Binoche
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What's Actually in the Deal. The CLARITY Act wants to create rules for cryptocurrencies and digital assets across the board.
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Industry Pushback and Support. Crypto industry leaders reacted with mixed feelings to the news.
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Trump's crypto advisor locked down an "agreement in principle" on the CLARITY Act during Monday's press conference.
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John Smith, the advisor, said the Securities and Exchange Commission will help shape the final version. Smith thinks the SEC's input matters big time for getting regulations right.
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Bitcoin prices jumped slightly after the announcement hit. Ethereum traded at $1,850 by Tuesday afternoon, up from earlier levels.
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The House Financial Services Committee scheduled an initial hearing for March 22. Representative Alex Johnson plans to push for amendments helping smaller crypto startups.
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Crypto industry leaders reacted with mixed feelings to the news. The Blockchain Association's executive director played it safe: "We welcome any progress that brings clarity, but…
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Emily Tran, CEO of a leading blockchain analytics firm, didn't hold back her concerns. "Without clear guidelines, it's difficult for businesses to plan their next steps," Tran…
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Former President Donald Trump backed the legislation during a recent interview. Trump called it "a win for American innovation and competitiveness," pushing his administration's…
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At a blockchain summit in New York on March 20, industry leaders debated international implications.
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Congressman Mark Fields announced complementary legislation during a March 21 press briefing. Fields wants enhanced cybersecurity measures for digital assets.
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The Federal Reserve hasn't said anything official about the Act yet. As the central banking system, their position could make or break the legislation's reception.
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Public hearings are expected once lawmakers introduce the bill to Congress by month's end. Industry experts and stakeholders will get their chance to provide input then.
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Neither the White House nor Treasury Department commented on the announcement. The lack of detailed disclosure continues generating speculation about the Act's real implications.
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