Crypto Lobby Urges Congress Quickly Pass Crypto CLARITY Act
Coinbase’s lobbying arm, along with a swathe of crypto firms, has urged US House lawmakers to quickly pass a major bill when they meet next week that would lay out how the crypto industry is regulated.
In a letter sent on Monday, Stand With Crypto and 65 crypto advocacy groups and firms asked House lawmakers to back the Digital Asset Market Clarity Act — better known as the CLARITY Act.
“We know that there have been efforts to politicize crypto legislation, but with crypto drastically reshaping the global economy the U.S. risks falling behind unless we adopt pro-crypto policies that fully embrace blockchain technology,” it said.
The CLARITY Act specifies the roles of the Commodity Futures Trading Commission and the Securities and…
