New Rules for Digital Money

Introduction

A group of US senators voted for a new law. This law is called the Clarity Act. It makes rules for digital money.

Main Body

Many crypto companies like this law. They want clear rules. They think more people will buy digital money if the rules are clear. Some banks and workers do not like the law. Banks fear people will take money out of bank accounts. Workers fear the law is dangerous for their retirement money. Some politicians are angry. They say the law does not stop leaders from making money with crypto. Now, the full Senate and the House must vote on the law.

Conclusion

The law passed the first test, but many people still disagree with it.

Learning

💡 The 'Feeling' Words

In this story, we see how people feel about the law. At A2 level, we move from good/bad to more specific words.

The Pattern: [Group] + [Feeling/Action]

  • Like → Positive (Happy)
    • Example: Companies like this law.
  • Do not like → Negative (Unhappy)
    • Example: Workers do not like the law.
  • Fear → Negative (Scared)
    • Example: Banks fear people will leave.
  • Angry → Very Negative (Mad)
    • Example: Politicians are angry.

đŸ› ī¸ Sentence Builder: 'Will'

To talk about the future, just put will before the action word (verb).

People → will → buy

Check these out:

  • More people will buy digital money.
  • People will take money out.

Quick Tip: We don't change the word after 'will'. It stays simple!

Vocabulary Learning

law (n.)
A rule made by a government that people must follow.
Example:The law requires everyone to wear masks.
group
a number of people or things that are located or considered together
Example:A group of friends went to the park.
money (n.)
Coins or bills used to buy things or pay for services.
Example:She saved her money in a savings account.
senators
members of a senate, a legislative body that makes laws
Example:Senators voted on the new law in the Senate.
bank (n.)
A place where people keep money and can borrow money.
Example:He went to the bank to withdraw cash.
law
a rule made by a government that people must follow
Example:The law requires everyone to wear a seatbelt.
people (n.)
Human beings; members of society.
Example:Many people attended the concert.
rules
instructions that tell people how to behave or what to do
Example:The teacher gave clear rules for the classroom.
vote (v.)
To choose or decide by saying yes or no.
Example:You can vote in the election.
digital
related to computers or electronic technology
Example:She likes digital music that she can download.
senate (n.)
A group of elected officials who make laws in a country.
Example:The senate debated the new bill.
money
something people use to buy goods or services
Example:I need money to buy a new book.
house (n.)
The lower part of a legislative body that makes laws.
Example:The house passed the law.
banks
places where people keep money and borrow money
Example:He went to the bank to withdraw cash.
digital (adj.)
Using computers or electronic devices.
Example:She likes digital music.
workers
people who do a job or work for a company
Example:Workers in the factory need safety helmets.
crypto (adj.)
Relating to digital money like Bitcoin.
Example:Crypto is a type of digital money.
fear
an emotion that makes you worry about danger or loss
Example:She has a fear of flying.
retirement (n.)
The time when a person stops working and usually starts to relax.
Example:He plans to travel during retirement.
accounts
records of money you have or owe at a bank
Example:She checks her bank accounts every month.
retirement
the time when a person stops working and lives on savings
Example:He plans to travel after his retirement.
politicians
people who work in government and make laws
Example:Politicians debate on how to improve schools.
angry
feeling upset or mad
Example:He was angry when the bus was late.
leaders
people who guide or direct a group or organization
Example:Good leaders inspire their team.
vote
to choose or decide by a formal decision or survey
Example:Citizens vote to choose their governor.
passed
to go through or be approved by a group of people
Example:The bill passed the Senate.
test
an examination or trial to check something
Example:She studied hard for the math test.
disagree
to have a different opinion or not accept something
Example:They disagree about the best way to solve the problem.