U.S. Lawmakers Introduce CLARITY Act to Enhance Digital Asset Regulation

A bipartisan initiative, known as the Digital Asset Market Clarity (CLARITY) Act, has been introduced by U.S. lawmakers to bolster regulatory frameworks for digital assets. The act seeks to clarify existing legal frameworks surrounding cryptocurrencies, aligning with the evolving landscape of digital asset innovation and market growth. Rep. French Hill, Chairman of the House Financial Services Committee, played a key role in driving this effort, aiming to facilitate stablecoin issuance and fundraising activities while also promoting consumer protection.