Senator Ashley Moody on the Stakes of Getting Clarity Done
summary
Argues that shifting away from the US dollar for international transactions will damage to borrowing ability and weaken leverage in future sovereign debt markets, frames crypto risks as a national security perspective because bad actors can exploit gaps, points to the Clarity Act as the legislative tool aimed at defining rules, and notes ongoing judiciary review and a narrow window in Congress to pass concrete statutory language before markets and actors move ahead.
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