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๐บ๐ธ The U.S. Secretary of the Treasury has urged Congress to urgently pass the CLARITY Act on the structure of the crypto market.
"Time is running out, and now is the time to act. Passing the law will give the crypto market confidence amid volatility."
โค Currently, regulations for the crypto industry remain "unclear."
โค Companies are relocating to jurisdictions with clear regulations, such as Singapore and Abu Dhabi.
โค The law should establish uniform federal rules for digital assets.