Block Urges Senate to Advance Landmark Crypto Legislation

Block, the financial technology company founded by Jack Dorsey, has called on Senate leaders to advance the CLARITY Act, a landmark cryptocurrency legislation that aims to bring clarity to digital asset rules in the United States.

The company believes that clearer regulations would support innovation while protecting principles such as user ownership of digital assets and open blockchain technology development.

In a letter addressed to Senate leadership, Block emphasized that developers building blockchain applications, companies creating digital financial products, users managing their own digital assets, and businesses integrating cryptocurrency technology all require well-defined rules to operate confidently.