CLARITY Act Gains Momentum as Crypto Industry Calls for Approval

The CLARITY Act has been gaining momentum in the US crypto ecosystem. Despite being postponed, the bill is now receiving support from major players in the industry.

Block Inc., founded by Jack Dorsey, recently wrote a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging them to bring the CLARITY Act to the Senate floor for consideration. The company described the bill as an important step towards developing a clear federal regulatory framework for digital assets.

The Solana Policy Institute also echoed similar sentiments in a letter to Senator Schumer and Thune. They stated that the CLARITY Act delivers what the American crypto ecosystem needs, citing the need for legal certainty given the US' leading position in blockchain developer growth.