Stand With Crypto and over 60 other industry firms sent a letter urging House lawmakers to support the CLARITY Act in the digital assets space.
The coalition emphasized the need for clear regulations to prevent the US from falling behind in the crypto industry and highlighted the potential of digital assets in reshaping the global economy.
House lawmakers are set to review key legislations during 'Crypto Week,' including the GENIUS Act and the CLARITY Act, with a focus on rules regarding stablecoins, market structure, and central bank digital currency.
The CLARITY Act, introduced in May, aims to establish a regulatory framework for crypto assets and provide clarity and protection for the industry, but its path to approval faces uncertainties ahead of House and Senate votes.