The Director of the U.S. Office of the Comptroller of the Currency supports the "Clarity Act" to maintain leadership in financial innovation

ME News, April 12 (UTC+8): Jonathan Gould, Director of the Office of the Comptroller of the Currency in the United States, publicly expressed support for the “Clear Act,” saying that a clear regulatory framework is key to ensuring the United States maintains its leading position in financial innovation. According to a reposted article from The Wall Street Journal, the current U.S. regulatory environment is in a bind; aside from stablecoins, changes in regulatory standards caused by overlapping authority between the SEC and the CFTC as well as political factors have led some crypto businesses to move to overseas markets such as Singapore. The article believes that the “Clear Act” will provide developers with the confidence they urgently need by clarifying the attributes of assets and establishing compliance pathways, thereby keeping innovation within the United States. (Source: MLion)