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Huge regulatory development for crypto 🚨
The 🇺🇸 US Senate Banking Committee just released the Clarity Act draft bill.
Important points:
• Stablecoin exchange yields restricted
• Banks gain broader crypto permissions
• Staking, lending, custody, and payments opened up
• and spot ETP assets protected as non-securities
Regulatory clarity is finally starting to take shape.
#GateSquareMayTradingShare
#TROLLSurgesOver160PercentInTwoDays