Industry Coalition Urges House Of Representatives To Support CLARITY Act Ahead Of ‘Crypto Week’
2025-07-09 08:52:33
Main Idea
A coalition of over 60 industry firms, led by Stand With Crypto, is urging US House lawmakers to support the CLARITY Act to establish clear regulations for the digital asset market.
Key Points
1. Stand With Crypto and 65 other firms sent a letter to the US House of Representatives advocating for the bipartisan Digital Asset Market Clarity (CLARITY) Act of 2025.
2. The letter emphasizes the need for regulatory clarity to unlock the potential of the crypto industry and prevent talent and businesses from moving to more favorable jurisdictions.
3. The CLARITY Act aims to provide a regulatory framework for crypto assets, addressing long-standing industry concerns about lack of clarity and protection.
4. The bill has passed initial committee markups but faces criticism and potential merging with the GENIUS Act, making upcoming debates crucial.
5. The push for the CLARITY Act comes ahead of 'Crypto Week,' where key digital asset legislation, including the GENIUS Act, will be discussed.
Description
Ahead of an important week for digital assets legislation, Stand With Crypto (SWC) and over 60 other industry firms sent a letter urging House lawmakers to champion clear regulations for the industry and unlock its potential. Industry Coalition Pushes For CLARITY Act Approval On Monday, advocacy group Stand With Crypto, alongside 65 other firms and groups, sent a letter to the US House of Representatives urging lawmakers to support the bipartisan Digital Asset Market Clarity (CLARITY) Act of 202...
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