U.S. Senate Holds Intensive Consultations on the CLARITY Act: Proposal Aims to Clarify That Non-Hosted Software Developers Will Not Be Held Legally Liable for Third-Party Use of Their Code
Svmuu News: With just over two weeks remaining before the U.S. Congress recesses on July 4, senators are stepping up behind-the-scenes negotiations to push the CLARITY Act through the Senate floor voting process as soon as possible after the recess. Sources say senators from both parties will meet this week to address contentious provisions and discuss the relevant points of contention, most notably clarifying that non-custodial software developers “should not be held legally liable for third-party use of their code unless they knowingly participated in illegal activities.” Law enforcement agencies had previously expressed concern that this provision could weaken the ability to hold parties accountable for on-chain illegal activities. Industry insiders point out that as the legislative window gradually narrows, the CLARITY Act is entering a critical phase. If progress cannot be made by August, the process may be further delayed due to the upcoming election cycle. (Cryptoinamerica)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Samsung Electronics is down 4.44% from its previous close, now trading at ₩231,250.
-
2
Samsung Electronics fell 5.99% from its previous close, now trading at ₩227,500.
-
3
Nikkei Asia: Iranian separatists intensify attacks and seize territory in response to a potential full-scale US assault.
-
4
What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
-
5
China's tech stocks lose luster as STAR 50 Index plunges over 40% from July peak, CATL falls 37% YTD amid AI profit doubts
-
6
LS Cable subsidiary Gaon Cable secures W120b ($90m) US AI data center cable deal
-
7
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
8
Obama criticizes Trump's Iran war, citing US vulnerability and rising oil prices
-
9
Thailand's Kasikornbank taps AI to expand wealth management customer base
-
10
Iran's Islamic Revolutionary Guard Corps claims to have shot down a US-made MQ-1 drone near the Strait of Hormuz.
Markets Today
Recommended Reading



