Senator Bill Hagerty urges swift approval of the Clarity Act to bolster US innovation in digital assets.
US Senator Bill Hagerty, author of the GENIUS Act, has expressed hope that the Clarity Act will be signed into law by July. The legislation aims to provide regulatory clarity for cryptocurrency markets in the US, addressing long-standing uncertainty for investors and businesses.
The Clarity Act seeks to define the roles of key regulatory bodies like the SEC and CFTC in overseeing digital assets. Hagerty emphasized the urgency of the bill, stating it is critical to maintaining America’s competitive edge in financial innovation. No prior legislative action on the bill has been reported in recent months.
Market participants have previously cited regulatory ambiguity as a barrier to growth in the US crypto sector. The bill’s potential passage could influence investor sentiment and capital flows into digital asset markets.