Blockchain Association Pushes for Clarity Act Passage with Industry Support

The Blockchain Association is ramping up its efforts to push through the Clarity Act, with a recent letter to Senate leaders urging swift passage of the bill.

Signed by 160 former national security and law enforcement officials, the letter highlights the importance of the legislation in preventing illicit finance and expanding law enforcement capabilities across the digital asset ecosystem.

The Clarity Act has already passed the Senate Banking Committee, but lawmakers continue to debate its contents, including proposed ethics provisions that would restrict elected officials from participating in crypto ventures.

According to the Blockchain Association, the bill includes key anti-illicit finance and enforcement provisions, such as expanded Bank Secrecy Act and sanctions obligations. It also establishes a permanent interagency working group focused on illicit finance involving crypto.