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The CLARITY Act has been approved by the Financial Services Committee and will be submitted to the House of Representatives for a full vote.

According to BlockBeats, on June 11, crypto journalist Eleanor Terrett disclosed that the CLARITY Act has been approved by the Financial Services Committee with 32 votes in favor and 19 votes against. Next, the bill will be submitted to the House of Representatives for a full vote.

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The core issue of the Cryptocurrency Market Structure Clarity Act (CLARITY) is whether we should sacrifice the DeFi and Stablecoin innovation space in exchange for a quickly established federal regulatory framework.
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