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More Than 100 US Crypto Firms Urge Senate to Review CLARITY Act

More Than 100 US Crypto Firms Urge Senate to Review CLARITY Act

  • More than 100 US cryptocurrency companies sent a letter urging the Senate to review the CLARITY Act.
  • The industry said delays in passing the CLARITY Act could drive investment, jobs and development capacity overseas.
  • Jihoon Kim said the US needs clear and comprehensive rules for the digital-asset market and must lead in the global race for leadership.

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The US Capitol in Washington, D.C. Photo: Shutterstock
The US Capitol in Washington, D.C. Photo: Shutterstock

More than 100 US cryptocurrency companies are urging the Senate to take up the CLARITY Act, a bill that would establish a market-structure framework for digital assets.

CoinDesk reported on April 23 that the companies recently sent a letter to Senate Banking…

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