Today, the Blockchain Association, Crypto Council for Innovation, and The Digital Chamber have collectively urged the U.S. House of Representatives to pass the Digital Asset Market Clarity (CLARITY) Act. This bipartisan legislation aims to establish a comprehensive regulatory framework for digital assets in the United States.
In a joint letter addressed to Speaker Mike Johnson and Minority Leader Hakeem Jeffries, the coalition emphasized the importance of this act for fostering innovation and maintaining American leadership in blockchain technology. "The CLARITY Act represents meaningful progress toward the regulatory certainty needed for our industry to foster innovation and for blockchain technology to thrive in the U.S.," they stated.
The legislation is described as a result of extensive industry engagement and bipartisan collaboration within Congress. It seeks to provide clarity that will enable the U.S. to benefit from digital asset technology while ensuring consumer protection and supporting responsible innovation.
Summer Mersinger, CEO of Blockchain Association, highlighted the significance of this moment: “This moment is the result of years of tireless advocacy, collaboration, and education.” She added that the act reflects lawmakers' commitment to proper digital asset regulation.
The letter also acknowledged key figures such as Chairman French Hill, Chairman Glenn ‘GT’ Thompson, Ranking Member Angie Craig, and Representatives Don Davis, Ritchie Torres, and Josh Gottheimer for their efforts in advancing this legislation through committee.
Ji Hun Kim, President and Acting CEO of Crypto Council for Innovation remarked on its importance: “The CLARITY Act is a pivotal step forward in ensuring the U.S. continues to lead in the global digital economy.”
As discussions continue towards a House floor vote, there is encouragement for Senate involvement in crafting complementary legislation. Cody Carbone, CEO of The Digital Chamber expressed optimism: “By passing the CLARITY Act, Congress moves one step closer to ending the regulatory uncertainty that has stifled American leadership in this space.”
This initiative marks an important milestone towards thoughtful regulation aimed at promoting U.S. innovation while safeguarding consumers.
