TL;DR: The CLARITY Act aims to build on this summer’s GENIUS Act by laying down clear market-structure rules for crypto, potentially lighting the fuse for the next ETH, Solana and broader altcoin rally. It’s currently navigating committee markups, and if it passes, traders could get a fresh dose of regulatory certainty—if it doesn’t, expect more chop and uncertainty.
Alongside breakdowns of its key provisions, timelines for when it might hit the president’s desk, and the risks of a stall, the Act could end up being the unsung hero (or villain) of 2024’s crypto story.
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