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Bill, Offering Clarity To In-game NFTs, Passes In U.S House Of Reps

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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,...
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House panel approves legislation to ‘maintain U.S. dominance’ in blockchain tech

The U.S. House Committee on Energy and Commerce has unanimously passed the Deploying American Blockchains Act of 2023 to boost the nation’s blockchain technology use. The bill passed with a 46–0 vote on Dec. 5 and represents a major step in potentially increasing the country’s use of blockchain technology. Crafted into a concise 13-page document, this legislation mandates Secretary of Commerce Gina Raimondo to engage in activities that bolster the United States’ competitive edge in deploying and utilizing blockchain and other distributed ledger technologies. This initiative aligns with the national interest in enhancing technological competitiveness. Thank you @RepLarryBucshon and @RepLBR ! This bipartisan bill will help preserve U.S. leadership in blockchain development, which is sorely needed. If you think not, China currently owns 84% of all blockchain patents. It's time for the U.S. to step up. This bill helps. https://t.co/fVsFrgJzJy — Cody Car...
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Belarus considers P2P crypto ban after years of friendly legislation

Belarus is drafting legislation that will outlaw crypto transfers between individuals, known as peer-to-peer (P2P) transactions, in a bid to crack down on criminal operations in the nation. On Sunday, the Ministry of Internal Affairs of Belarus announced the ambitious plans on social media. “Since the beginning of the year, employees of the cybercrime counteraction units have stopped the activities of 27 citizens providing illegal services for the exchange of cryptocurrencies,” the ministry posted on Russian social platform VKontakte. “Their total illegal income amounted to almost 22 million rubles” — equivalent to $8 million at press time. According to the ministry, the legislation will “make it impossible to withdraw money obtained by criminal means” and therefore will make it unprofitable for these fraudsters to operate in Belarus. However, P2P transactions will still be allowed through crypto exchanges registered with Belarus Hi-Tech Park (HTP) — a tax regime in Belarus tha...
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