Bill, Offering Clarity To In-game NFTs, Passes In U.S House Of Reps
The United States House of Representatives has successfully passed the bill ‘Clarity Act’ seeking clarity for the creation of non-fungible token-based gaming coins. This highly anticipated bill has proceeded to the Senate. Upon approval, this ‘Clarity Act’ bill will unlock a new era of billion-dollar gaming tokens. At the time of publishing, the chances of this bill passing in the Senate stand at 87% on Polymarket. The Clarity Act Just Passed In The House Of Reps In a July 17 blog post, Robbie Fergusson, the Co-founder and President of Immutable, confirmed that the Clarity Act has just passed in the United States House of Representatives and it’s now proceeding to the Senate. The United States House of Representatives is the lower house, with the U.S. Senate being the upper house. Together, the U.S House and Senate have the authority under Article I of the U.S. Constitution to pass or defeat federal legislation. CLARITY Act just passed in House of Reps,...