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The CLARITY Act Shouldn’t Be Included in the GENIUS Act Say Senator Hagerty, Analysts

  • The U.S. Senate passed the GENIUS Act, focusing on a federal framework for stablecoins.
  • Senator Hagerty expressed concerns about merging the GENIUS Act with the CLARITY Act.
  • President Trump endorsed the GENIUS Act, urging the U.S. House of Representatives to pass it unchanged.
  • Some House leaders propose combining the GENIUS Act with the CLARITY Act, sparking debate.
  • Senator Hagerty believes that altering the bill in the House could impede its progress.
  • Analysts like Alex Thorn and Zack Shapiro caution against merging the two acts, citing complex market structure issues.
  • There are concerns that adding provisions related to the Trump family's crypto ventures could hinder bill passage.
  • The Bitcoin Policy Institute emphasizes the bipartisan nature of the GENIUS Act and the potential risks of tying it to the CLARITY Act.
  • While recognizing the benefits of the CLARITY Act for Bitcoin technology, keeping the bills separate is favored.
  • Analysts stress the importance of passing crypto bills independently to prevent future hurdles.

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