📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
The CLARITY Act for the US digital asset market has been passed by the House of Representatives, ushering in a new era of encryption regulation.
The U.S. House Advances Digital Asset Market Regulatory Bill
Recently, the U.S. House of Representatives passed an important regulatory bill for the digital asset market with an overwhelming majority. The bill is named the "Digital Asset Market CLARITY Act" and aims to establish a clear regulatory framework for the digital asset market. The bill has now entered the Senate review stage, and the Senate is also drafting its own version of market structure legislation.
If this bill is passed, it will establish clear rules for the blockchain industry and is expected to end years of uncertainty that has hindered innovation and harmed consumer interests. It could become a law of historical significance, as profound as the impact of the Securities Act of 1933 on the U.S. capital markets.
The bill has been improved in several key areas:
Create a clear regulatory path for digital assets, allowing blockchain projects to enter the public market without excessive regulation.
Implement supervision of blockchain-based intermediaries, requiring centralized entities such as exchanges to register with the Commodity Futures Trading Commission (CFTC) and comply with regulatory standards.
Protect consumers through mandatory disclosure obligations and restrictions on insider trading, while promoting innovation.
Provide a clear path for the transition of regulatory authority from the Securities and Exchange Commission ( SEC ) to the CFTC.
Adopt a control-based maturity framework to objectively assess whether a blockchain system is decentralized.
Provide important safeguards for decentralized finance ( DeFi ), exempting it from certain regulatory requirements.
Compared to the previously passed stablecoin regulatory bill, the "GENIUS Act", the "CLARITY Act" will provide the necessary standards and oversight for the infrastructure supporting stablecoins. This helps ensure that as stablecoin adoption accelerates, the underlying blockchain systems also meet safety and transparency standards.
The bill is currently in the Senate review stage. The Senate may propose its own version, and both chambers will ultimately need to reconcile differences to reach an agreement. Congressional leaders aim to send the final bill to the president for signing by the end of September.