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But we saved everything 🙂.
Senate panel unveils Clarity Act draft on crypto oversight, Wendy O notes
Wendy O, founder and host of The O Show, reports that the U.S. Senate Banking Committee has released a 309-page draft of the Clarity Act. The proposed legislation aims to provide clearer oversight by the SEC and CFTC of the crypto industry, add protections for decentralized finance (DeFi), and introduce restrictions on stablecoin yield products. A committee markup vote on the draft is scheduled for May 14.
The Clarity Act seeks to address regulatory uncertainties in the cryptocurrency sector while enhancing consumer protections and regulatory clarity.
Wendy O has previously highlighted developments involving major industry players and digital assets. In a recent update, she noted that Ripple remains the largest holder of XRP. She also reported when Strategy paused Bitcoin acquisitions and outlined movements related to XRP, Solana, and BlackRock in her coverage of crypto treasury updates.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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