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U.S. CLARITY Act Sparks Heated Crypto Regulation Debate
Trending TopicThe CLARITY Act has become a flashpoint in Washington after ballooning from under 300 to over 600 pages following Democratic amendments. Senate Banking Chairman comments and industry leaders including Coinbase CEO Brian Armstrong are pushing for the bill to bring clearer rules to crypto trading, while critics like Elizabeth Warren's allies are accused of trying to drive crypto activity offshore. The debate matters because the resulting legislation will determine how exchanges, custodians and token issuers are regulated and could reshape where companies choose to operate and list products.