The Clarity Act is expected to pass because major banks are proactively preparing for crypto regulations by posting numerous job openings for crypto positions, and it serves as part of the administration's strategy to strengthen dollar usage globally and ensure capital flows back into US Treasuries to prevent money from exiting the US financial system.
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Clarity Act and Crypto Banking RegulationAñadido:
Any thoughts on the Clarity Act passing the Banking Committee yesterday and the Clarity Act moving forward? Um, yeah, I mean, I think it's I think it's definitely going to going to get passed.
I'm I I I would bet I'm I'm betting on that. One of the reasons why is because a bunch of the big banks just recently started uh posting a ton of job openings for like crypto positions. It's like they they know it's coming and they're they're preparing for it. So, I think I think it's moving forward. It's also a big piece of this administration's plan to solidify dollar usage around the world and get that money to flow back into Treasuries so that that money doesn't uh exit the US system. So, I think it's going to happen. Will there be more changes to it before? I don't know, but it looks like the industry insiders are now bracing for it to come into come in pass and and and for it to happen.
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