DCG urges U.S. Senate to swiftly pass CLARITY Act

DCG urges U.S. Senate to swiftly pass CLARITY Act Digital Currency Group (DCG), a crypto investment firm, said it sent a letter to U.S. Senate leadership urging the swift passage of the CLARITY Act. DCG said that, as a company that has spent more than a decade investing in digital assets, nurturing businesses and building the ecosystem, Congress should establish clear legal standards rather than relying on an enforcement-led regulatory approach. DCG added that a clear regulatory framework is needed to preserve the competitiveness of the U.S. blockchain industry and prevent talent and innovation from moving overseas. Passing the CLARITY Act would help resolve legal uncertainty in the digital asset industry and create conditions for the United States to continue leading global blockchain innovation, DCG said.