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Representative Frenchy Hill: The CLARITY Act is the most important ethical regulatory legislation in Congress right now
All crypto assets will be subject to the same set of regulatory rules, even meme coins are no exception.
“All tokens must meet listing standards, be hosted on compliant exchanges for regulated trading, and fulfill full information disclosure obligations.”
Regarding the ethical controversy that caused the bill to be stalled for several weeks, he also offered an explanation:
Trump has fully cooperated with his legal team to meet all the requirements raised by Senate Democratic lawmakers.