“This bill's regulatory gaps will not be quarantined to crypto,” one witness, Amanda Fischer, Policy Director at Better Markets, said during testimony before the committee.
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House Democrats Sound Alarm on CLARITY Act: Impact 'Will Not Be Quarantined to Crypto', Says Expert
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Republicans, during the House Financial Services Committee hearing on July 6, 2025, defended the CLARITY Act by stating that the U.S. currently lacks any federal legal framework for digital assets and consumer protection, and dismissed concerns that Trump personally could profit as “theatrics
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