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The US House of Representatives has passed the Digital Asset Market Clarity (CLARITY) Act with bipartisan support, marking a significant step in establishing a regulatory framework for cryptocurrencies. Despite Democratic pushback over corruption concerns, nearly 80 Democrats joined Republicans in approving the bill. This legislation is part of a broader Republican-led ‘crypto week’ agenda ahead of Congress’s August recess.
- The CLARITY Act passed with 294 votes, including support from nearly 80 Democrats, despite partisan tensions.
- The bill addresses crypto market structure, resolving earlier disputes over CBDC-related delays in Congress.
- Republicans positioned the vote as part of a broader 'crypto week' strategy, emphasizing rapid policy implementation.
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