PANews reported on April 23 that over 100 cryptocurrency companies and industry organizations in the United States sent a joint letter to the Senate Banking Committee, urging formal consideration and advancement of the Clarity Act to establish a federal-level market framework for digital assets. The signatories include $Coinbase (COIN.US)$, Ripple, $Circle (CRCL.US)$, Kraken, a16z, Paradigm, and others. They emphasized that enforcement actions by regulatory agencies alone cannot provide stable rules and warned of the risks of reverting to 'regulation by enforcement instead of legislation.' The joint letter outlined six legislative priorities, including clarifying the division of responsibilities between the SEC and CFTC, protecting developers of non-custodial tools, preserving consumer incentives related to payment stablecoins, simplifying disclosure requirements, and adopting federal standards to avoid fragmented state-level regulation, thereby preventing capital and job outflows to other jurisdictions with comprehensive frameworks already in place.
Over a hundred U.S. crypto companies have jointly urged the Senate to advance the Clarity Act.
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