XRP Community Reacts to Bill Clarifying Regulatory Classification of Digital Assets

XRP community reacts to proposed legislation for crypto assets, here's key point $XRP XRPArmy XRPCommunity XRPholders

The congressman added that the Securities Clarity Act inserts a key term,"investment contract asset," into the existing securities law so that cryptocurrency projects can realize their full potential in a compliant manner and allow the United States to compete internationally in the upcoming iteration of the internet., who commented on the bill on Twitter.

CryptoLaw founder John Deaton shared the opinion of Digital Chamber founder and CEO Perry Boring, who described the Securities Clarity Act as"silver bullet legislation for digital assets" if passed. In related news, the House Committee on Agriculture will hold a hearing titled"The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets" on Tuesday, June 6, 2023, at 10 a.m.

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