Crypto Currents: Republican senators release new Clarity Act draft
As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio. REPUBLICAN SENATORS RELEASE NEW CLARITY ACT DRAFT: Republican senators released a new draft of the Clarity Act, a cryptocurrency bill nearing a final vote in the Senate this summer, the New York Times' David Yaffe-Bellany reported, citing the draft. Senate Democrats have called for strict language in the bill that would prohibit public officials from selling digital currencies, and the draft did contain a version of those restrictions, including language making it illegal for the president and other U.S. officials to issue or sponsor cryptocurrency. The move comes after President Trump disclosed in June that he made $1.4B in crypto revenue. However, following the new draft, democrats and progressive advocacy groups contended it did not go far enough to stop Trump from using cryptocurrency to enrich himself. "The Senate majority released a bill that would do effectively.
As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt.
Stay up on the crypto news that matters with the "Crypto Currents" weekly.
Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.
REPUBLICAN SENATORS RELEASE NEW CLARITY ACT DRAFT: Republican senators released a new draft of the Clarity Act, a cryptocurrency bill nearing a final vote in the Senate this summer, the New York Times' David Yaffe-Bellany reported, citing the draft.
Senate Democrats have called for strict language in the bill that would prohibit public officials from selling digital currencies, and the draft did contain a version of those restrictions, including language making it illegal for the president and other U.S. officials to issue or sponsor cryptocurrency.
The move comes after President Trump disclosed in June that he made $1.4B in crypto revenue.
However, following the new draft, democrats and progressive advocacy groups contended it did not go far enough to stop Trump from using cryptocurrency to enrich himself. "The Senate majority released a bill that would do effectively.