CLARITY Act: Over 100 Crypto Firms Demand Senate Action for Clear Regulation

More than 100 crypto firms, including Coinbase, Circle and Ripple backers, have urged the U.S. Senate Banking Committee to advance the Crypto-Asset Market Structure (CLARITY) Act to end “regulation by enforcement.” The coalition’s six core demands (clear SEC/CFTC roles, developer protections, simplified disclosure, federal standards, market integrity and innovation support) aim to reduce legal uncertainty, lower compliance costs and protect non‑custodial developers. Industry and VC support (a16z, Paradigm, Consensys) frames the bill as a catalyst for institutional adoption: passage could unlock pension, endowment and insurance capital, boost liquidity and stabilize crypto prices, while failure risks further business migration overseas. The CLARITY Act is under Senate review with momentum toward action in 2025; its outcome will significantly affect market structure, investment flows and risk premia for digital‑asset markets.