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Key Points: The CLARITY Act passes, heading for a House vote, impacting crypto. Regulatory clarity to encourage U.S.-based investment and involvement. Market reactions focus on potential increased institutional participation. PANews reported on June 11 that the CLARITY Act, a major crypto regulation bill, passed the Financial Services Committee with 32 in favor and 19 against, next moving to the House vote. Passing the CLARITY Act aims to offer regulatory clarity and could potentially shift investment interest back to the U.S. CLARITY Act Moves Forward After Key Committee Approval The CLARITY Act, sponsored by Representative Dusty Johnson and supported by other congressional leaders, received committee approval on June 11. This step brings it closer to becoming law, signifying a potential significant pivot in digital asset oversight. The bill’s proposal introduces regulatory clarity, aiming to revitalize domestic crypto investments. Congressman Tom Emmer expressed strong support, reinforcing his call for practical crypto policies. In his words, “The CLARITY Act fulfills our promise to foster American innovation and preserve our nation’s competitive edge by clarifying digital asset regulations.” The bill will move to the U.S. House of Representatives for a full vote, aligning with Emmer’s long-standing advocacy. Regulatory clarity sought by the CLARITY Act could soon translate into heightened investment interest in U.S. digital asset markets. Statements from industry stakeholders highlight the potential for increased funding activity that may follow legislative approval. Market participants express optimism, anticipating clearer rules and revived institutional participation in digital assets. Ethereum Market Reacts Amid Regulatory Developments Did you know? Similar legislative attempts in previous Congress sessions passed House committees but failed in the Senate, demonstrating the challenge of enacting comprehensive crypto regulation. Ethereum saw its price increase by 4.00% in 24 hours, reaching $2,798.49, with a market cap of approximately 337,840,208,344. Ethereum maintains a 9.79% market dominance. CoinMarketCap…

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Filed under: News - @ June 11, 2025 5:25 am