@vika1213
New CLARITY Act Draft Could Shield Bitcoin and Crypto Developers From Past Liability
In the U.S. Senate Banking Committee’s most recent version of the CLARITY Act, Bitcoin and crypto developers would be protected from being charged with operating an unlicensed money transmitting business moving forward — and retroactively.
On Friday, the U.S. Senate Banking Committee released its latest draft of the CLARITY Act (CLARITY), in which it proposes an amendment to 18 U.S. Code § 1960(a) stipulates that only crypto developers or providers that “knowingly exercise control over currency, funds, or other value that substitutes for currency” be treated as money transmitting businesses.
https://bitcoinmagazine.com/legal/new-clarity-act-draft-could-shield-bitcoin-and-crypto-developers-from-past-liability
0 reply
0 recast
2 reactions