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The Economic Times

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US Senate advances landmark crypto bill before heading on August recess

Senator John Thune is advancing a significant bill to regulate cryptocurrencies. This legislation aims to provide the crypto industry with its first federal rulebook. Passage of the Clarity Act would offer a major win for President Donald Trump. Banks may face challenges as crypto firms could compete for deposits. Democrats are seeking more restrictions on officials' crypto ventures.

9 Aug 2026 1:03 am