On September 16, Tim Scott, Chairman of the Senate Banking Committee, stated that today, nearly all Senate Republican members voted in favor of advancing the CLARITY Act, but the motion ultimately failed to secure enough votes due to opposition from Senate Democrats. We have taken a step forward. Now, before Congress completes legislation, it is up to the SEC and CFTC to establish clear regulatory rules for digital assets. I remain focused on single mothers and Americans living in poverty, as I grew up in similar circumstances. I will continue to work to protect their hard-earned money and ensure the future of the financial industry remains in the United States.
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