The U.S. Congress has a version of bill called the 'CLARITY Act'. The, the House Financial on Services Committee markup announced the modified bill ahead of an important session.
Eleanor Terrett from Fox Business reported via X (Twitter) that this amendment is the latest version from the House Financial Services Committee. The House Agriculture Committee is also preparing a separate version and will markup on Tuesday markup on Tuesday with bills expected to be merged into one afterwards.
A notable point is that provision is who controlling the blockchain will blockchain will not be treated as financial intermediaries. andariesI () managing personal keys are excluded from the bill from's regulation p specifies that Bank Secrecy Act (BSA) regulations only apply to centralized intermediaries and not to decentralized projects. sections 312(b)-(c) allow national banks to provide legal services using digital assets and blockchain.
The bill aims to clarify U.S. legal application for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), and distinguish regulatory authorities between the SEC and CFTC.
Meanwhile new legislate's strategic reserve plan is also under the House. Financial H.R. 3798, proposed by Representative Tim Burchett, contains provisions to formalize the U.S. government's Bitcoin holdings.
Real-time news.Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
