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Regulations

House Subcommittee Advances Clarity Act on Digital Assets

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The House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a field hearingin New York to examine the Clarity Act, which would replace regulatory enforcement with clear statutory rules for digital assets. The hearing on  Friday, July 17, underscored industry consensus that ambiguity between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) has stalled innovation and driven capital offshore.