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The article raises whether the future Clarity Act can intercept stolen illicit funds, but does not provide specific bill provisions or a conclusion.
JPMorgan says recent U.S. regulatory measures may support institutional participation in the crypto market in the short term, but the 《Clarity Act》 is unlikely to pass this year, and political and legal risks remain high.
According to Bloomberg Government's analysis of disclosure filings, Coinbase and several large crypto organizations still collectively spent more than 4000000 USD on federal lobbying in the third quarter, but spending declined from the second quarter; progress on the Clarity Act September was set back.
BitGo CEO Mike Belshe said,CLARITY The failure of the Act could allow the risks of concentrating exchange, brokerage, and custody businesses within the same company to persist and could amplify market shocks.
CFTC Former commissioner Brian Quintenz said that SEC SEC CFTC can use exemptions to fill gaps in crypto regulation; the Clarity Act is not the only path.
CFTC Former commissioner Brian Quintenz said that SEC and CFTC can fill gaps in crypto regulation by exercising their exemption authority, and that the Clarity Act is not the only path.
U.S. Senator Cynthia Lummis said Democrats voted against the Clarity Act, preventing the implementation of authority for the Treasury Department to combat money laundering through offshore crypto exchanges.
Patrick Witt, Executive Director of the White House Digital Asset Advisory Council, denied that Trump’s crypto interests caused the Clarity Act to be blocked in the Senate, saying the current focus is shifting to federal regulators such as the SEC.
White House and U.S. Treasury Department officials said the Clarity Act has little hope of passing Congress this year, while the SEC and CFTC will continue advancing regulation under their existing authorities.
Golden Finance reports that the White House is urgently lobbying for the《CLARITY Act, but divisions remain within the Republican Party; Bulgaria has also passed a bill expanding tax authorities’ access to crypto user data.