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🇺🇸 The Senate is holding emergency 11th-hour sprint of meetings to speed up the crypto market structure bill before time runs out.
Main focus:
- Regulatory jurisdiction of what falls under the CFTC vs. the SEC
- Exemptions for devs and validators of DeFi protocols
- Stablecoin provisions around passive yield generation
A White House official also said last week that they’re aiming to pass the Clarity Act by July 4th.
$BTC