US lawmakers push Senate to clear crypto bill

Washington, July 18 US lawmakers have urged the Senate to pass a sweeping digital assets bill, arguing that clear federal rules are needed to protect investors, bring cryptocurrency businesses back from overseas and preserve American leadership in financial technology. The House Financial Services Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence made the case for the CLARITY Act during a hearing at New York’s historic Federal Hall. The legislation would divide oversight responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. “Our goal is clear: replace regulation by enforcement with clear rules of the road…