Today, the Blockchain Association and the Crypto Council for Innovation have joined to demand that the Senate Banking Committee move forward with crypto market infrastructure legislation, the CLARITY Act. The letter authored by the two advocacy groups has garnered the support of more than 100 entities.

The legislation was approved by the US House of Representatives last year, yet it has been stuck in the Committee due to opposition from the banking industry, which fears competition.

The letter states:

“… we write to respectfully urge the Senate Banking Committee to notice and proceed towards a markup of the CLARITY Act to provide a comprehensive federal market structure framework for digital assets.”

And;

“The United States…