The CLARITY Act will help reshore the crypto industry in the US — Attorney
60-second summary
The US crypto industry is conducting the vast majority of its trading volume outside of US-based exchanges, according to Attorney Bill Hughes, citing the "biggest market" in crypto. This trend is attributed to regulatory uncertainty and a lack of clear guidelines, prompting calls for legislation like the proposed CLARITY Act to support reshoring the industry within the US.
The "biggest market" in crypto is conducting the vast majority of its trading volume outside of US-based exchanges, according to Attorney Bill Hughes.