Senator Warren Targets Clarity Act 'Grandfather Clause,' Impacts Tokens

Senator Elizabeth Warren has proposed an amendment to the Clarity Act that aims to strike its "Grandfather Clause." This clause currently prevents certain digital assets from being retroactively classified as securities. If successful, the amendment could reclassify major tokens like XRP, Solana, and Dogecoin as securities, subjecting them to increased regulatory scrutiny. This action is seen as a direct effort to broaden the classification of digital assets under existing securities law.

Detected & updated continuously · Source: Ruma

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