The Director of the U.S. Office of the Comptroller of the Currency supports the "Clarity Act" to maintain leadership in financial innovation

ME News Report, April 12 (UTC+8), the Director of the U.S. Office of the Comptroller of the Currency, Jonathan Gould, publicly supported the “Clear Act,” stating that a clear regulatory framework is key to ensuring the United States maintains its leadership in financial innovation. According to a reposted Wall Street Journal article, current U.S. regulations face difficulties; aside from stablecoins, regulatory standards have been affected by overlapping authority between the SEC and CFTC and political factors, prompting some crypto businesses to relocate to overseas markets like Singapore. The article believes that the “Clear Act” will provide much-needed confidence for developers by clarifying asset attributes and establishing compliance pathways, thereby keeping innovation within the United States. (Source: MLion)