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Crypto gridlock could benefit China, official warns – TON BOT

Crypto gridlock could benefit China, official warns

Patrick Witt warned that failing to pass clear US crypto rules could benefit China in the digital asset market. The CLARITY Act, aimed at regulating digital assets, faces resistance and is stalled in the Senate Banking Committee. The bill’s progress is slowed by disputes over stablecoin yield rules and the narrow GOP majority in the committee.


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