US lawmakers introduce CLARITY Act to restrict federal ties with Chinese language blockchain

United States Representatives Zach Nunn and Abigail Spanberger have collectively launched the Creating Authorized Accountability for Rogue Innovators and Know-how Act of 2023, or the CLARITY Act of 2023. The laws goals to ban federal authorities officers from conducting enterprise with Chinese language blockchain corporations.

The act would ban authorities workers from utilizing the underlying networks of Chinese language blockchain or cryptocurrency buying and selling platforms. Moreover, it will explicitly forbid U.S. authorities officers from partaking in transactions with iFinex, the dad or mum firm of USDT issuer .

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