Block Joins Forces with Coinbase to Push Crypto Regulatory Clarity

Block, the payments company founded by Jack Dorsey, has urged U.S. Senate leaders to pass the Digital Asset Market Clarity Act (CLARITY Act), a bill aimed at bringing regulatory clarity to the cryptocurrency industry.

In a letter dated July 29, 2026, Block's Chief Legal Officer Chrysta Esperanza emphasized the importance of legal clarity for responsible innovation in digital assets. The company views this distinction as vital for fostering a healthy, decentralized ecosystem while distinguishing core infrastructure participants from traditional financial intermediaries.

Block is not alone in its support for the CLARITY Act, with Coinbase CEO Brian Armstrong recently making a strong public call for Senate passage of the legislation. Armstrong declared that clear rules for crypto are nearly here, positioning the legislation at the one-yard line and urging lawmakers to push it across the finish line.

The bill would establish a comprehensive regulatory framework for digital assets, clearly dividing oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Proponents argue this framework would replace the current enforcement-first approach with predictable rules that protect consumers while keeping innovation in the United States.