New Clarity Act Emerges that's a Start on the Final Draft, Makes Ethics Rule Temporary

New Clarity Act emerges that's a start on the final draft, makes ethics rule temporary

Lawmakers have circulated text of the latest draft that will be pushed toward a Senate finish line, but they're still debating a core government-ethics piece.

a16zcrypto Confirms Senate Release of Updated CLARITY Act Text

a16zcrypto has confirmed that the Senate has released the updated text of the CLARITY Act. This announcement, made via their official Twitter account, highlights an important regulatory development in the cryptocurrency sector. More information is available in their tweet here . What Happened The...

So-called Ethics Provision in the CLARITY Act Fails to Prohibit Corruption

By Patrick Woodall, Managing Director for Policy The long-promised ethics provisions in the CLARITY Act crypto legislation are a fig leaf that don’t cover Trump’s unprecedented crypto corruption or the rampant efforts by crypto billionaires to leverage their power and money to secure favorable legislation.  Senate Republicans unveiled new ethics language that doesn’t pass the laugh test. It fails to cover any of the existing Trump family’s crypt…

Goldman Sachs Backs The Clarity Act, Splitting Wall Street Over Crypto Rules

Goldman Sachs chairman and CEO David Solomon has thrown his support behind the Clarity Act, the crypto market-structure bill moving through the Senate, a stance that sets one of Wall Street’s largest banks apart from rivals lining up against it. “I’m very supportive of moving the Clarity Act forward, so we can get some market structure in place and start to move the innovation process along,” Solomon said in an interview with Politico. He called…

Ethics Provisions In Crypto Clarity Act Caught In Limbo As Senator Lummis Signals More Debate

The final text of a landmark US crypto bill has been readied, but the legislative fight is far from over. Senator Cynthia Lummis, a key architect of the legislation, told CoinDesk she was pleased the updated version was ready for release—then immediately flagged that ethics and other provisions still require further debate. The remark exposes the deep fault lines in Washington’s attempt to write rules for digital assets, even after months of neg…