Digital Chamber Urges Senate Action on CLARITY Act

A major development has emerged in Washington, D.C. as the Digital Chamber, a leading crypto lobby group, sends a strong message to the Senate: it's time to move on the CLARITY Act.

The bill, which aims to strip the Securities and Exchange Commission (SEC) of its authority over digital assets like XRP, has been pending for over 270 days. The Digital Chamber is now urging the Senate to hold an immediate Markup session to advance the bill.

This move comes at a critical time, with the industry eagerly awaiting regulatory clarity. The CLARITY Act seeks to officially classify digital assets as commodities, rather than securities, which would have significant implications for the market.