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Strike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
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Details: https://www.gate.com/announcements/article/47889
This week, Republican senators on the Banking Committee released an outline of the "CLARITY Act," aimed at breaking the old pattern of managing the crypto market through enforcement.
The core of the new proposal is to provide clear classification definitions for cryptocurrencies, while also delineating the jurisdiction of the SEC and CFTC. Most importantly, it introduces a set of strict anti-manipulation rules designed to close regulatory loopholes that allow market manipulation.
The trends of mainstream coins such as SOL, ADA, and DASH will also be affected as a result. Whether this new framework can be effectively implemented depends on subsequent enforcement efforts.