Blockchain Association urges US Senate to advance 'Clarity Act'

The Blockchain Association announced it has sent a letter to U.S. Senate Republican Leader John Thune and Democratic Leader Chuck Schumer urging the passage of the Clarity Act, a bill addressing digital asset market structure. The letter, signed by 160 former experts from national security, intelligence, and law enforcement, supports the establishment of a clear regulatory framework for the digital asset market. The association explained that digital asset market structure is a critical issue for national security and law enforcement, adding that clear rules can enhance consumer protection and help investigators track illicit activities. The Blockchain Association also noted that it plans to visit Washington, D.C., with signatories and member companies to discuss the legislation with 18 Senate offices.