As the US Congress approaches its mid-term elections in October, lawmakers are being urged to act swiftly on cryptocurrency regulation. The Cointelegraph reports that multiple industry organizations backed a comprehensive crypto market structure bill known as the CLARIVITY Act before political time runs out.
Simultaneously, proposed ethics rules facing significant pushback from the blockchain sector have emerged as another major legislative battle piece for policymakers to address in their final congressional window. The tension between regulatory bodies and cryptocurrency advocacy groups has intensified over recent months.
While industry proponents argue that clear legislation will provide necessary stability, they emphasize the need for balanced approaches that avoid overly restrictive ethics frameworks. This latest development comes after similar bills introduced earlier this year that struggled to pass without meaningful amendments.
