Top Crypto Industry Groups Pen Letter to Senate Leaders Urging Them To Support the Clarity Act
Bitcoin Magazine
Top Crypto Industry Groups Pen Letter to Senate Leaders Urging Them To Support the Clarity Act
Top crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber have said in a letter that they support the latest draft of the Clarity Act.
In a letter Friday, the trade associations said that passing the bill is necessary to establish the “first comprehensive federal consumer protection framework for digital asset markets” as more Americans begin to use and invest in crypto.
U.S. lawmakers are currently mulling over the latest draft of the Clarity Act — a crypto market structure bill aims to set in stone digital asset regulation. The latest draft bans officials and their families from issuing or promoting crypto.
“Nearly 67 million Americans, about one in four, already own digital assets, and recent research demonstrates that this trend is only growing,” the letter said.
“This is a crucial opportunity for the Senate to improve upon the status quo by establishing durable rules for digital assets that protect consumers, safeguard markets, and ensure that innovation can thrive in the United States,” it added.
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