New US Rules for Digital Money

May 12, 2026, 16:54
USPolitics

Introduction

The US Senate wants a new law called the Clarity Act. This law gives rules for digital money like cryptocurrency.

Main Body

The law has rules for digital money. Some companies can now get more money for their business. They do not need to ask the government for permission for small amounts. Crypto companies must follow safety rules. They must check who their customers are. This stops people from using bad money. Some people do not like the law. Banks fear they will lose money. Worker groups fear the law is too risky for retirement money.

Conclusion

The Senate will vote on this law this Thursday.

Learning

⚡ The 'Power' Words

In this text, we see words that tell us what someone must or can do. This is very important for A2 level.

1. CAN (Ability/Permission)

  • "Some companies can now get more money."
  • Meaning: It is possible. They have permission.
  • Pattern: Subject + can + action →\rightarrow I can speak English.

2. MUST (Strong Rule)

  • "Crypto companies must follow safety rules."
  • Meaning: No choice. It is a law.
  • Pattern: Subject + must + action →\rightarrow You must stop at the red light.

🧩 Word Pairs from the Story

Look at how these opposite ideas work:

  • Get money →\rightarrow Lose money
  • Small amounts →\rightarrow More money

💡 Quick Tip: 'Who' and 'What'

  • "...check who their customers are."
  • Use Who for people →\rightarrow Who is your teacher?
  • Use What for things →\rightarrow What is a cryptocurrency?

Vocabulary Learning

new
not old, recently made or started
Example:The new law will be in effect next year.
law
a rule made by a government that people must follow
Example:The law says you must wear a seat belt.
rules
a set of instructions that tell what is allowed
Example:The rules of the game are simple.
digital
made with computers or electronic devices
Example:I use a digital camera to take photos.
money
paper or coins you use to buy things
Example:She saved money for her trip.
companies
businesses that make or sell products
Example:Many companies produce smartphones.
business
an activity that makes money
Example:He started a small business selling cakes.
government
the people who run a country
Example:The government will announce new taxes.
safety
being protected from danger
Example:Safety rules keep everyone healthy.
customers
people who buy goods or services
Example:The store welcomes new customers.
banks
places where people keep money
Example:She goes to the bank to withdraw cash.
vote
to choose by giving a mark or saying yes
Example:They will vote for the new mayor.