Block Inc. and Solana Policy Institute Urge Senate Passage of Clarity Act

Block Inc. and the Solana Policy Institute are urging Senate leaders to pass the CLARITY Act, a bill that would create a clear federal framework for digital assets.

The Act aims to replace inconsistent state regulations with a national system that defines when digital assets are securities or commodities, providing legal certainty crucial for innovation and consumer protection.

According to Block Inc. and the Solana Policy Institute, approval of the CLARITY Act would help maintain U.S. leadership in blockchain innovation and address the unique nature of decentralized networks.