House Committee on Agriculture Chairman Glenn Thompson and House Financial Services Committee Chair French Hill introduced bipartisan legislation to regulate digital assets, the Digital Asset Market Clarity (CLARITY) Act.
• Legislation proposes requiring customer-facing digital assets firms, including brokers and dealers, to segregate customer funds, provide disclosures and address conflicts of interest.
• Bill also proposes developers be required to provide disclosures on digital asset project operations, ownership, and structure.
• The CLARITY Act will provide clarity to customer-facing digital asset firms through comprehensive registration regimes.
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Faruqi & Faruqi, LLP focuses on complex civil litigation, including securities, antitrust, wage and hour and consumer class actions as well as shareholder derivative and merger and transactional litigation. The firm is headquartered in New York, and maintains offices in California, Georgia and Pennsylvania.
Since its founding in 1995, Faruqi & Faruqi, LLP has served as lead or co-lead counsel in numerous high-profile cases which ultimately provided significant recoveries to investors, direct purchasers, consumers and employees.
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About Dolgora Dorzhieva
Dolgora Dorzhieva is an associate in the New York office of Faruqi & Faruqi, LLP and focuses her practice on securities litigation.
Dolgora Dorzhieva
Associate at Faruqi & Faruqi, LLP
New York office
Tel: (212) 983-9330
Fax: (212) 983-9331
E-mail: ddorzhieva@faruqilaw.com
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