Artificial intelligence is complementing crypto rather than competing with it, according to Bitget CEO Gracy Chen.
U.S. Clarity Act Importance
Speaking to CNBC Squawk Box Asia on Monday, Chen highlighted the importance of the CLARITY Act, saying it could simplify fragmented state-by-state compliance requirements for crypto exchanges expanding into the U.S. market.
She warned that if the legislation is not approved before summer, political tensions ahead of midterms could delay progress further.
Ahead of Thursday’s markup, the U.S. Senate Banking Committee released the 309-page CLARITY Act text, keeping stablecoin yield restrictions and DeFi developer protections intact.
Analyst Crypto Tony highlighted key provisions of the bill, noting it focuses on stronger investor protections and clearer oversight rules. Under the proposal, …
