Digital Asset Industry Urges Senate to Move Forward with CLARITY Act Markup

The digital asset industry is calling on the Senate Banking Committee to move forward with a markup of the CLARITY Act, a bill aimed at establishing a comprehensive federal market structure framework for digital assets.

The joint letter, led by the Crypto Council for Innovation and the Blockchain Association, was signed by over 120 organizations from across the ecosystem. The groups argue that a predictable federal baseline is essential to preserving US leadership in digital asset innovation and providing legal clarity for regulators and industry participants.

The CLARITY Act seeks to address concerns over stablecoin rewards, improve disclosure and token certification rules, and preserve a clear division of labor between the SEC and CFTC. Industry groups highlight the need for swift action, warning that delays risk pushing investment, jobs, and technological development offshore.