Patrick McHenry Urges Congress to Pass Clarity Act as Most Important U.S. Tech Law Since 1996

According to Bitcoin.com News, Patrick McHenry, the former chairman of the House Financial Services Committee, urged Congress on July 16 to pass the Clarity Act, calling it the most significant forward-looking technology legislation since the Telecommunications Act of 1996. The bill aims to establish a comprehensive federal market structure for digital assets, providing consumer protections, regulatory certainty, and clearer oversight while strengthening law enforcement tools against bad actors. McHenry, now a senior adviser at Lazard, argued that Congress has a pivotal opportunity to create comprehensive financial policy before a crisis forces a response, positioning the measure as essential for U.S. crypto industry competitiveness.
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