Three main crypto commerce teams urged Congress to move the CLARITY Act in a July 11 letter to Speaker of the Home Mike Johnson and Home Minority Chief Hakeem Jeffries.
Crypto Commerce Teams Urge Congress To Cross Crypto Laws
In accordance with the Friday letter from Blockchain Affiliation CEO Summer season Mersinger, The Digital Chamber CEO Cody Carbone and President and Appearing CEO of the Crypto Council for Innovation Ji Hun Kim, the three digital asset coverage collectives referred to as on U.S. lawmakers to advance the “vital” crypto laws.
1/ United for CLARITY: The three main U.S. digital asset commerce teams — @BlockchainAssn, @crypto_council, and @DigitalChamber — are calling on Congress to move the bipartisan CLARITY Act.
It’s time for regulatory certainty. pic.twitter.com/AL7AdtvlQG— Blockchain Affiliation (@BlockchainAssn) July 11, 2025
“The CLARITY Act represents significant progress towards the regulatory certainty wanted for our trade to foster innovation and for blockchain expertise to thrive within the U.S.,” the CEOs stated.
“Advancing this bipartisan market construction laws sends a robust message that the U.S. is dedicated as the worldwide chief in digital property,” they added.
If enacted, the CLARITY would largely see crypto regulatory duty delegated from the US Securities and Trade Fee (SEC) to the Commodity Future Buying and selling Fee (CFTC).
The transfer would mark a win for crypto proponents after years of the SEC’s regulation-by-enforcement strategy and therapy of digital property as securities.
“Because the dialog continues, we encourage the Senate to construct on the momentum from the Home and have interaction intently with trade stakeholders to deliver bipartisan market construction laws to the Senate ground as quickly as attainable,” the letter states. “We sit up for persevering with to work with each chambers to assist guarantee U.S. management in digital property.”
Congress Braces For Dueling Crypto Weeks
The blockchain commerce teams’ letter comes forward of the Republican Social gathering’s purported “Crypto Week” on Capitol Hill.
Nevertheless, Democratic lawmakers Maxine Waters and Stephen Lynch unveiled on Friday that they might be launching their very own “Anti-Crypto Corruption Week” in opposition to Republicans’ crypto legislative efforts.
“My Republican colleagues are wanting to proceed doing the bidding for the crypto trade whereas conveniently ignoring the vulnerabilities and alternatives for abuse that exist in crypto,” Congressman Lynch stated.
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