Criticisms Rise Before Vote on America's Cryptocurrency 'Clarity Act'

The Clarity Act, set for a vote in weeks, faces criticism from Wall Street and consumer advocates. The bill proposes regulating most crypto markets under the Commodity Futures Trading Commission. It aims to bring crypto companies into compliance with U.S. rules. Jamie Dimon called the proposal a surprise. The act seeks to end the patchwork of state and federal legal gray areas for crypto firms.