BlockBeats News, February 13 — During a hearing of the U.S. Senate Banking Committee on Thursday, U.S. Securities and Exchange Commission Chair Paul Atkins stated that although authorities have indicated that the SEC must establish some transitional rules, making cryptocurrency policies permanent indeed requires legislation. “We need a solid legal foundation so that we can avoid any setbacks in the future.”
Although progress on the U.S. Senate’s Cryptocurrency Market Structure Act (also known as the CLARITY Act) has been intermittent, one of the main Democratic negotiators, Senator Mark Warner, said at the hearing that he still hopes this effort will make progress.
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