Over 100 Crypto Companies Urge U.S. Senate to Advance the Clarity Act

According to CoinDesk, over 100 U.S. crypto companies and industry organizations sent a letter to the Senate Banking Committee urging advancement of the Clarity Act’s consideration to establish a federal regulatory framework for digital asset markets. Signatories include Coinbase, Ripple, Kraken, Andreessen Horowitz, Paradigm, and Consensys. Their core demands include clarifying the regulatory division of responsibilities between the SEC and the CFTC, protecting developers of non-custodial tools, simplifying disclosure requirements, and preventing fragmentation across state-level regulatory standards. The signatories warn that without a comprehensive crypto regulatory framework in the U.S., investment, jobs, and development activity may shift overseas.