00:00There's a 600-page bill in the Senate right now that would decide who's actually in charge of
00:04crypto in America. This is What's Trending in Crypto brought to you by ByteFederal.
00:08It's called the Clarity Act. It would hand crypto to either the SEC, the agency that
00:12polices stocks, or the CFTC, which oversees commodities like oil and wheat. That single
00:16choice changes the rules for every exchange and every investor. But it's stuck on one provision,
00:22ethics language that would bar the president, Congress, and federal judges from launching
00:26or promoting a coin for profit while in office. Republicans say it's a strong standard and want
00:31to vote now. Democrats say it doesn't go far enough. Congress has been trying to write crypto
00:35rules for years and never has. If this fails before the August recess, supporters say the next real
00:40shot may not come until 2030. For more, follow us at What's Trending and to find a Bitcoin ATM near
00:45you,
00:45go to ByteFederal.com.
