CRA Resolution refers to a specific type of legislative action under the Congressional Review Act (CRA) in the United States. This resolution allows Congress to overturn recently issued federal agency rules with a simple majority vote in both chambers and the President’s signature. It provides a mechanism for legislative review and potential rejection of new regulations. A successful CRA Resolution effectively nullifies the targeted rule.
Context
The CRA Resolution mechanism has been discussed in relation to various proposed regulations affecting the digital assets market. Its application could significantly alter the regulatory landscape for cryptocurrencies and blockchain technology. Observers monitor potential CRA Resolutions as they represent a powerful tool for legislative intervention in regulatory matters.
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