"The coalition stated that current momentum in Washington should translate into formal legislative action, emphasizing the urgency of establishing a federal framework for market certainty and consumer protections."
"Signatories, including major exchanges and venture firms, warned that delays in advancing the CLARITY Act risk weakening U.S. competitiveness in the rapidly evolving digital finance landscape."
"The letter highlighted that agency activity alone cannot provide a lasting solution for the sector, advocating for comprehensive legislation to avoid a return to regulation by enforcement."
The U.S. digital asset industry is advocating for expedited action on the CLARITY Act, emphasizing the need for a federal framework to ensure market certainty and consumer protections. Over 100 organizations, including major firms like Coinbase and Ripple, have called on the Senate Banking Committee to advance the legislation. They argue that delays could undermine U.S. competitiveness in the global crypto market. The coalition warns against relying solely on regulatory enforcement, which has historically led to uncertainty in the sector.
Read at news.bitcoin.com
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