Blockchain Association Urges Senate To Pass CLARITY Act With Letter Backed By...
The Blockchain Association, one of the industry’s biggest advocacy groups, urged Senate leadership to move forward on the long-awaited CLARITY Act in a letter sent Tuesday to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, signed by 160 former national security, intelligence, and law enforcement professionals. The signatories contend that without a […]
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With a White House deadline on the anticipated CLARITY Act set for March 1, crypto policy discussions are intensifying in Washington. On Thursday afternoon, Senate Democrats are scheduled to meet to continue deliberations on the crypto market structure bill. Ahead of those talks, the Blockchain Association returned to Capitol Hill to press lawmakers on how […]
On Thursday, Treasury Secretary Scott Bessent urged Congress to pass the CLARITY Act, a bill that would provide the crypto industry with a regulatory framework and the long-awaited clarity it needs regarding the classification of digital assets. Bessent Presses Lawmakers To Pass The CLARITY Act In remarks at the White House, Bessent emphasized that the goal of the CLARITY Act should be to bring digital assets into the US rather than letting activity remain largely offshore. He said: The most important thing we can do is to make digital assets come into the United States. Make the US the....
The Blockchain Association led a broad industry push this week, asking Senate Banking leaders to resist efforts that would widen a ban on stablecoin yields beyond what Congress wrote into law. Related Reading: Coinbase Escalates Regulatory Fight With Lawsuit Against 3 States According to the association, the letter was signed by more than 125 crypto […]
Over 100 industry organizations have pressed the Senate to move forward with a markup of the crypto market structure bill to “future-proof” the industry and “cement” US leadership in financial innovation. Related Reading: Russia Advances Bill To Regulate Crypto Market, Eyes July 1st Implementation Crypto Groups Push Senate For Markup Date On Thursday, the Crypto […]
A fresh round of disagreement over the CLARITY Act has revealed ongoing concerns originating from the Hyperliquid Policy Center (HPC), as lawmakers prepare for a potential Senate Banking Committee markup. The debate intensified after a potential deal surfaced earlier in the week, suggesting the bill would broadly bar platforms from offering yield on stablecoins or […]