Clarity Act is designed to do exactly what the industry wants. Provide clarity on how the US government will regulate the crypto industry.
It’s really the last worldwide piece of legislation needed to figure out where every country stands on crypto.
Does Litecoin and crypto need it? Yes and no.
Having it will help everyone wanting to start up a crypto related business and open up tradfi to all the crypto rails. Not having it keeps everyone looking over their shoulder wondering if the fbi or sec will come knocking.
Can Litecoin and crypto run without clarity? Yes. But having clarity certainly makes things easier.
Middle of September is the first official senate cloture vote to end negotiations. We might finally have the last set of worldwide rules on crypto finalized and the industry can finally move forward on tradfi rails.
Looking forward to this getting closure. Mark your calendars.
[link] [comments]

Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.