<ul><li>Congress unveils a new CLARITY Act draft for crypto regulation, exempting developers and wallet providers not controlling networks from money transmitter classification.</li><li>The bill protects DeFi activities and software, allowing users to hold private keys without heavy-handed regulations.</li><li>Updated banking provisions under the bill permit national and state banks to use digital assets and blockchain technology while complying with regulations.</li><li>The CLARITY Act aims to define U.S. laws for cryptocurrencies, delineating regulatory authority between the SEC and CFTC, providing clarity for crypto businesses.</li></ul>

Congress Unveils New CLARITY Act Draft Impacting Crypto Regulation in 2025

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