What's up with the CLARITY Act vote?

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john.gweiFull Member
Posts: 242 · Reputation: 759
#1Sep 22, 2022, 01:39 PM
Is it just me or is no one chatting about the Senate Banking Committee planning to vote on the CLARITY Act this Thursday? I thought this was a pretty significant deal. Am I wrong?
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sam.bullSenior Member
Posts: 390 · Reputation: 1323
#2Sep 22, 2022, 07:47 PM
Less Regulations Coming! You can find that most of discussions about the act is been discussed here Hence why it seems many are not talking about it If it's similar to what you have here You can close this thread. You welcome.
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pixel2014Hero Member
Posts: 857 · Reputation: 4132
#3Sep 23, 2022, 09:30 PM
These are few other threads about the clarity act that I saw on this forum: CLARITY bill ? Will the Clarity Act help prevent crypto's pump and dump and stop-loss traps? The 2026 Clarity Act: National Security vs. Decentralization? I have seen the Clarity Act discussion very well on this forum, but these are few other ones that I saw. I think what we should expect and discussed about is for it to be signed.
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paulyieldSenior Member
Posts: 518 · Reputation: 1547
#4Sep 24, 2022, 01:59 AM
It is big but unlike GENIUS act yield feud between bankers and stablecoin issuers, it is to help classify whether a crypto is commodity or security based on written requirement such as how decentralized the blockchain is. The only thing that causes controversy from this is the anti manipulation clause, apparently some big company don't want low cap altcoin market gone because it would fall under manipulation susceptible coin and the bill goes against listing it clearly.
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yield_hawkSenior Member
Posts: 197 · Reputation: 1334
#5Sep 24, 2022, 02:20 AM
Yes, it's big news and we have seen a lot of threads about it. Definitely it is something that crypto market has been waiting for. As this act might be the clear definition of everything that we wanted to see at least from the US government. And most likely we can say that this is one news that has put the price above $80k at some point. So for sure we will wait what will be the verdict and we can only hope that this act will be passed into law.
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