Heath Tarbert: Congress should improve the regulation of digital assets through the Clarity Act

At a hearing before the Financial Services Commission of the United States House of Representatives, Chairman Heath Tarbert of CFTC, President of Circle, stated that the Genius Act had established a federal regulatory framework for the payment of stable coins, that Congress should next complete the long-term regulatory framework for the digital asset market through the Clarity Act, and that it would require the enforcement rules of the Genius Act to block the offshore stable currency regulatory arbitrage, restrict intermediaries serving United States customers and ensure that foreign stable currency issuers meet comparable regulatory standards。