CLARITY Act faces state AGs opposition ahead of key Senate vote

CLARITY Act faces state AGs opposition ahead of key Senate vote

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

The CLARITY Act is heading for a crucial US Senate procedural vote on Tuesday after President Donald Trump agreed to most of a bipartisan proposal to strengthen ethics restrictions around public officials’ crypto interests, according to various reports.

However, the latest compromise hasn’t resolved all of the opposition, with a bipartisan group of state attorneys general now urging senators to reject the bill over concerns that it would weaken state oversight of the crypto industry.

A coalition of 18 state attorneys general, led by New York Attorney General Letitia James, argued in a letter to Senate Banking committee leaders that the CLARITY Act would make it harder for states to take action against crypto companies accused of fraud or other misconduct.

“While the current draft of the CLARITY Act reserves certain powers for states to prosecute fraud, the language is often ambiguous, unclear, or confined in ways that either create the opportunity to challenge state police powers or outright deprive the states of their ability to continue to combat the scam epidemic,” the letter said.

Their opposition adds another complication for the legislation.

While the revised bill would give state attorneys general a role in enforcing new ethics restrictions, the group argues that other provisions would weaken their authority to police the crypto industry.

The CLARITY Act is considered a landmark piece of US crypto legislation that would establish a federal market structure for digital assets, clarify when crypto assets fall under securities or commodities laws and delineate oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

As Cointelegraph reported, Senate Majority Leader John Thune filed the cloture motion on CLARITY last month after lawmakers failed to advance the legislation before leaving Washington for their August recess.

Tuesday’s procedural vote will determine whether the bill advances to Senate debate.

Related: CLARITY Act vote meets Fed rate hike: Five things to know in Bitcoin this week The state AGs weighed in just as lawmakers appeared to be making progress on another major sticking point in the CLARITY Act.

Analiz: Piyasa hareketliliği devam ediyor.