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Cryptocurrency legislation faces ethical barriers

MeNews
ME News Report, May 16 (UTC+8), Lindsay Fraser of the Blockchain Association stated that even though the CLARITY Act has passed the Senate Banking Committee, ethical issues remain the biggest obstacle to cryptocurrency legislation. Senators Gallego and Brooks said that their support in the committee does not mean they will support in subsequent votes, and they need some form of ethical language. (Source: MLion)
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FlamingoFrontView
· 4h ago
What exactly does ethical language refer to? Is it about benefit disclosure or something else?
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YieldYeti
· 8h ago
Yes votes ≠ Support votes, a classic move in American legislation
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MetalKeyInsomnia
· 8h ago
The Blockchain Association is speaking out now; the pressure is quite clear.
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GateUser-5f4bad9c
· 8h ago
The name CLARITY is cleverly chosen, but in reality, it's not clear at all.
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IHateFalseProsperity.
· 8h ago
Lindsay Fraser is right—compliance comes after putting ethics first.
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GateUser-6319729f
· 8h ago
The news from May 16th shows that the subsequent voting is the main event.
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SnackFi
· 8h ago
MLion's news comes at the right time; market sentiment is about to fluctuate again.
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FrontrunFail
· 8h ago
Ethical barriers, in simple terms, are just afraid that money can't be explained clearly.
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Paper-SculptedOctopusPool
· 8h ago
Ethical bottlenecks are more uncomfortable than technical bottlenecks.
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GasFeeGambit
· 8h ago
Lawmakers require ethical language, the industry needs clear regulation, both sides are testing the waters.
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