#CryptoClarityAct

It is a serious attempt to incorporate cryptocurrencies within a clear legal framework in the United States. If adopted, it could be a significant turning point in the U.S. government's relationship with the crypto world, paving the way for the industry's prosperity in a more stable and transparent environment.

Who is behind the law?

Senator Cynthia Lummis, one of the most prominent supporters of cryptocurrencies.

Congressman Patrick McHenry, Chairman of the House Financial Services Committee.

As for the challenges and criticisms facing the approval of the law, some parties believe it may allow for more manipulation if strict controls are not put in place.

Opposition from some Democratic Party members who believe this law reduces oversight of financial markets.

The possibility of conflicting with SEC policies, which could lead to additional legal conflicts.