CTA Presses Senate on CLARITY Act Passage Amid Regulatory Uncertainty

The Consumer Technology Association (CTA) is pushing for Senate approval of the CLARITY Act, which aims to establish clear federal rules for digital assets. The CTA represents over 1,300 technology companies and argues that regulatory certainty would encourage investment, strengthen consumer protections, expand innovation, and reinforce American leadership in blockchain technology.

The House approved the legislation with broad bipartisan support in 2025, but it remains stalled in the Senate as lawmakers negotiate unresolved provisions. The revised text of the CLARITY Act addresses market oversight, consumer protections, and the division of regulatory authority over digital assets, but critics argue that it leaves major conflicts of interest unresolved.

The CTA's senior vice president, Michael Petricone, stated on X that the Senate must determine whether financial technology innovation develops in the United States or overseas. He emphasized that businesses need clear federal rules governing digital assets before committing long-term capital and developing new financial products.