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CLARITY Act Gets Crypto Industry Ultimatum

CLARITY Act Gets Crypto Industry Ultimatum

More than 120 crypto organizations including Coinbase, Ripple, Kraken, and Andreessen Horowitz sent a joint letter to the Senate Banking Committee on April 23 demanding an immediate CLARITY Act markup, as the bill’s end-of-May deadline tightens and prediction market odds fall below 50%.

Summary

  • A coalition of 120-plus organizations led by the Crypto Council for Innovation and the Blockchain Association sent the most coordinated industry letter yet demanding a CLARITY Act markup.
  • Senate Banking Committee Chairman Tim Scott has still not scheduled a markup, with the Warsh confirmation hearings having consumed most of the committee’s April calendar.
  • Senator Bernie Moreno warns…

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