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Guavy AI Editorial Team••Sentiment: 2•Clout: 82

Congress to Vote on Clarity Act, Potentially Shaping Future of Crypto Regulation

BTCXRPETHMEWcoinbaseSOL

The U.S. Congress is set to hold a key hearing on July 17 to discuss the CLARITY Act, a proposed framework aimed at creating clearer rules for the digital asset industry.

Coinbase Global (COIN) has emerged as a strong supporter of the bill, arguing that clearer regulation could help foster innovation and strengthen the U.S. digital asset ecosystem.

The legislation aims to divide oversight of digital assets between the CFTC and SEC, creating a regulatory framework for cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP.