TRUMP PROMISES TO NEVER LET CRYPTO GO DOWN AS THE CLARITY BILL HITS THE SENATE FLOOR
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President Donald Trump addressed the crypto market on Thursday, boasting that the U.S. is the "new crypto capital of the world" and vowing to codify a "Future-Proof Digital Asset Market Structure" that can't be undone by crypto critics.
WHAT THIS MEANS: Trump stated, "The new Frontier of Finance is being built in America, and 'TRUMP' WILL NEVER let Crypto go down". This declaration comes as the CLARITY Act (Digital Asset Market Structure Act) awaits a vote on the Senate floor, where it will need at least 60 votes to pass.
THE STATUS OF THE BILL: The CLARITY Act entered full deliberation in the Senate after passing through the Senate Banking Committee on May 14 with a vote of 15-9. Over 130 amendments were proposed, and the White House is targeting July 4 for approval, according to some reports.
WHAT THE BILL DOES: The legislation would place Bitcoin and Ethereum under the CFTC's oversight as commodities while keeping security tokens under the SEC's jurisdiction, providing the long-awaited regulatory clarity that could unlock billions in institutional capital.#PaxosSubsidiarySECBlockchainClearingApproval #VanEckLaunchesFirstUSSpotBNBETF #SECAdvocatesPrivacyEnhancingTech #USApriPCEThreeYearHigh #BNB走势 $QAIT $ESPORTS
$ETH
ETH
1,991.67
-3.52%
President Donald Trump addressed the crypto market on Thursday, boasting that the U.S. is the "new crypto capital of the world" and vowing to codify a "Future-Proof Digital Asset Market Structure" that can't be undone by crypto critics.
WHAT THIS MEANS: Trump stated, "The new Frontier of Finance is being built in America, and 'TRUMP' WILL NEVER let Crypto go down". This declaration comes as the CLARITY Act (Digital Asset Market Structure Act) awaits a vote on the Senate floor, where it will need at least 60 votes to pass.
THE STATUS OF THE BILL: The CLARITY Act entered full deliberation in the Senate after passing through the Senate Banking Committee on May 14 with a vote of 15-9. Over 130 amendments were proposed, and the White House is targeting July 4 for approval, according to some reports.
WHAT THE BILL DOES: The legislation would place Bitcoin and Ethereum under the CFTC's oversight as commodities while keeping security tokens under the SEC's jurisdiction, providing the long-awaited regulatory clarity that could unlock billions in institutional capital.#PaxosSubsidiarySECBlockchainClearingApproval #VanEckLaunchesFirstUSSpotBNBETF #SECAdvocatesPrivacyEnhancingTech #USApriPCEThreeYearHigh #BNB走势 $QAIT $ESPORTS