Ripple is promoting the CLARITY Act with its latest “On the Road” campaign.


Ripple has made a new push to publicly defend the CLARITY Act in Washington, DC. This move comes as the US Congress continues to debate the future of cryptocurrency regulation in the country and the fate of the cryptocurrency bill.

Ripple supports CLARITY on the streets law

The company’s blue mobile advertising truck was prominently placed near the U.S. Capitol to display messages supporting the legislation. There are large screens with messages that enhance the clarity of digital asset regulation. Includes the slogan “On the Path to Clarity” along with Ripple logos.

Other signs say The law of clarity It will provide clear regulations on digital assets and cryptocurrencies. In a post on X, Ripple claimed that the campaign aims to maintain optimal focus on the bill while Congress considers digital asset legislation.

The company wrote: “Ripple is on its way to clarity!” “Our clarity truck is rolling into DC as Congress continues to work on transparent rules of the road for digital assets,” she added.

“the The Clarity Act will protect consumersSupport responsible innovation and maintain U.S. competitiveness. Ripple said.

Furthermore, Lauren Believe, co-head of public policy and government at Ripple, mentioned the campaign on social media.

I believe Announce: “On the road to clarity – literally!” She added: “Ripple’s Clarity truck is in DC as Congress works on the Clarity Act, which sets clear rules for digital assets and cryptocurrencies.”

CLARITY ACT FACES MAJOR DELAY

Ripple’s campaign comes at a time when momentum on the bill has been lost in the Senate. Late at night, a unanimous consent agreement had been reached, Senate Majority Leader John Thune adjourned the Senate for a session The holiday is extended until July 13. It reduces the number of legislative days the CLARITY Act has available before lawmakers return to Washington.

Actress Anna Polina Luna condemned this action. She said: “I will not vote to reopen debate until the Senate returns to Washington. The Senate is actually running for election and no senator has objected to going on vacation before the Fourth of July.”

The law of clarity has been referred to Senate Legislative Calendar Earlier this month. A hearing is also scheduled in the US House of Representatives Financial Services Committee.

However, it must eventually be approved by The Senate chamber is full It needs to win enough votes to overcome parliamentary hurdles. The prospects for issuing the CLARITY Act have weakened over the past few days.

This decrease came after US law enforcement groups raised some financial crime concerns regarding the potential risks of financial crimes under the proposed framework. In this regard, the US Department of Justice rebuked law enforcement groups and supported the Clarity Act.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *