Crypto Regulation Advances Amid Geopolitical Questions
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Atkins’ remarks about Venezuela came just as the U.S. Senate Banking Committee prepared to markup the Digital Asset Market Clarity Act (CLARITY), a bill aimed at offering clearer regulatory authority for digital assets. The legislation has been delayed by political factors like the recent government shutdown and midterm election campaigning but remains a focal point for stabilizing crypto oversight.
The broader regulatory context matters because uncertainty around events like Venezuela’s alleged Bitcoin holdings highlights the need for clearly defined roles between agencies. CLARITY aims to address such gaps by delineating responsibilities between regulators like the SEC and the Commodity Futures Trading Commission, giving the market more predictability regardless of where high-profile geopolitical events unfold.
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not saying its fake but until on-chain data backs it up this is just noise tbh