Washington, July 18 (IANS) US lawmakers have urged the Senate to pass a sweeping digital assets bill, arguing that clear federal rules are needed to protect investors, bring cryptocurrency businesses back from overseas and preserve American leadership in financial technology.The House Financial Services Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence made the case for the CLARITY Act during a hearing at New York’s historic Federal Hall. The legislation would di…
Latest CLARITY Act News & Updates
Washington, June 4 (IANS) The Trump administration signalled on Wednesday that it intends to position the United States as the global leader in digital assets and cryptocurrency innovation, a move that could have implications for India and other major economies still grappling with the regulation and taxation of the rapidly evolving sector. Appearing before the Senate Finance Committee to discuss the administration’s fiscal year 2027 budget request, Treasury Secretary Scott Bessent outlined plan…
Washington, April 9 (IANS) A White House economic study has found that banning yield on stablecoins would do little to increase bank lending, challenging a central argument made by traditional banks in the debate over digital assets. The analysis by the Council of Economic Advisers (CEA) shows that eliminating stablecoin yield would raise lending by just $2.1 billion, or about 0.02 per cent, while imposing a net welfare cost of $800 million.The findings come as policymakers weigh tighter rules o…