The Digital Asset Market Clarity Act, or CLARITY Act, is moving along the right pathway, despite the crypto industry’s growing impatience, according to a Coinbase executive.
“I completely understand why this is taking longer,” Coinbase Institutional head of strategy John D’Agostino said during an interview on CNBC on Friday.
“It’s the kind of bill that is quite frankly more foundational for the growth of crypto or any real asset class,” he said, emphasizing that it makes sense for the process to take some time.
He said that the CLARITY Act is a lot more complex than the Genius Act, the stablecoin legislation that was passed into US law in July.
While he acknowledged the Genius Act was “not simple, but transformative,” he said that it “dealt…
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Source cointelegraph.com
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