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Digital assets draft ‘a monumental step’ for the U.S. industry, Clarity Act ‘a modern-day Glass-Steagall for crypto’
The U.S. Senate Banking Committee announced the release of a draft structure for U.S. digital asset market legislation on Wednesday, and crypto industry executives are hailing it as a major step forward for the American cryptocurrency ecosystem. The discussion draft builds on the CLARITY Act, which passed the House of Representatives last week with strong bipartisan support. Banking Committee Chairman Tim Scott (R-S.C.), Subcommittee on Digital Assets Chair Cynthia Lummis (R-Wyo.), Senator Bill Hagerty (R-Tenn.), and Senator Bernie Moreno (R-Ohio) published a discussion draft of the proposed legislation which covers ... (full story)
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From @PiQSuite|Jul 24, 2025|10 commentsTRUMP ON FIRING POWELL: THAT WOULD BE A BIG MOVE NOT NECESSARY Trump: I believe Powell will do the right thing. TRUMP: I HAVE ONE, MAYBE THREE NAMES IN MIND TO REPLACE POWELL — BUT NO PRESSURE ON HIM.
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