The CLARITY Act aims to establish a regulatory framework for the digital assets industry, detailing the roles of the SEC and CFTC. It is expected to be voted on soon. The GENIUS Act, which was passed by the Senate, focuses on the regulatory framework for stablecoins, emphasizing consumer protection and market stability. This act could enhance trust and encourage competition in the stablecoin market. Both acts are anticipated to influence the rising popularity of Bitcoin ETFs.
The CLARITY Act could provide a framework for the digital assets industry, including defining the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The GENIUS Act establishes a framework for issuing and exchanging stablecoins, focusing on consumer protection and market stability, which could bolster trust and competition in the market.
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