Crypto firms urge US Senate to vote on CLARITY Act

More than 200 digital asset companies and organizations, including Coinbase, Ripple, Kraken, Circle, and Binance.US, have sent a letter to U.S. Senate leadership urging a floor vote on the CLARITY Act. According to The Block, the industry argued that the bill would establish a comprehensive federal regulatory framework for the digital asset market, clarify authority between regulatory agencies, and provide reasonable registration procedures and developer protections. The letter stated that the act presents an opportunity to strengthen U.S. global leadership in the digital asset sector while keeping innovation, jobs, investment, and market activity within the country.