"
Then: "The CLARITY Act would create a clear test for determining whether a digital asset is a security or a commodity. That distinction matters because it decides which federal agency regulates the asset — and what rules apply to exchanges, brokers, and issuers. The bill also includes provisions for secondary market trading and custody standards."
Translation: "CLARITY Act ville skabe en klar test til at afgøre, om et digitalt aktiv er et værdipapir eller en råvare. Denne skelnen er vigtig, fordi den afgør, hvilket føderalt agentur der regulerer aktivet – og hvilke regler der gælder for børser, mæglere og udstedere. Lovforslaget indeholder også bestemmelser om sekundær markeds handel og deponeringsstandarder."
Note: "exchanges" -> "børser", "brokers" -> "mæglere", "issuers" -> "udstedere", "secondary market trading" -> "sekundær markeds handel", "custody standards" -> "deponeringsstandarder" (or "forvaringsstandarder"? "Custody" in crypto often "deponering" or "forvaring". I'll use "deponeringsstandarder").
Fourth paragraph: "Industry groups have pushed for this kind of clarity for years. Without it, many projects have launched outside the U.S. or avoided listing certain tokens. A clear legal path could bring those assets back onto American exchanges and encourage new development."
Translation: "Branchegrupper har i årevis presset på for denne form for klarhed. Uden den er mange projekter blevet lanceret uden for USA eller har undgået at notere bestemte tokens. En klar juridisk vej kunne bringe disse aktiver tilbage til amerikanske børser og tilskynde til ny udvikling."
Note: "Industry groups" -> "Branchegrupper", "projects" -> "projekter", "launched" -> "lanceret", "American exchanges" -> "amerikanske børser".
Fifth paragraph (h2): "
Why now
" -> "
Hvorfor nu
"
Then: "The hearing comes as crypto markets have stabilized after a volatile 2025. Lawmakers on both sides of the aisle have signaled interest in passing legislation before the next election cycle. The committee chair has said the goal is to produce a bill that can move to a full House vote by the end of the year."
Translation: "Høringen kommer, mens kryptomarkederne er stabiliseret efter et volatilt 2025. Lovgivere på begge sider af midtergangen har signaleret interesse i at vedtage lovgivning før næste valgcyklus. Udvalgsformanden har sagt, at målet er at frembringe et lovforslag, der kan gå til en fuld afstemning i Huset inden årets udgang."
Note: "volatile 2025" -> "volatilt 2025", "both sides of the aisle" -> "begge sider af midtergangen" (idiomatic), "committee chair" -> "udvalgsformanden", "full House vote" -> "fuld afstemning i Huset".
Sixth paragraph: "Not everyone is on board. Some consumer advocates argue the bill doesn't go far enough to protect retail investors. Others say it goes too far and would weaken existing securities laws. The hearing will likely surface those tensions."
Translation: "Ikke alle er med på vognen. Nogle forbrugerforkæmpere argumenterer for, at lovforslaget ikke går langt nok til at beskytte detailinvestorer. Andre siger, at det går for vidt og ville svække eksisterende værdipapirlove. Høringen vil sandsynligvis bringe disse spændinger frem i lyset."
Note: "on board" -> "med på vognen", "consumer advocates" -> "forbrugerforkæmpere", "retail investors" -> "detailinvestorer", "surface those tensions" -> "bringe disse spændinger frem i lyset".
Seventh paragraph: "The hearing is scheduled for July 22. Witnesses have not been announced yet, but the committee is expected to call representatives from the SEC, the CFTC, and several crypto companies. After the hearing, the bill will move to markup, where
