The U.S. Lawmakers Introduce Bill to Regulate Cryptocurrency Transactions

The U.S. lawmakers have proposed a bill to regulate government officials’ cryptocurrency transactions and the use of blockchain technologies. The bill aims to prohibit U.S. government officials from transacting with Tether’s USDT, China-based blockchain networks, and “other foreign adversaries.” Representatives Zach Nunn (R-IA) and Abigail Spanberger (D-VA) have introduced the bipartisan bill, known as the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act.

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