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The crypto industry is done waiting
If you’ve ever watched Congress move and thought, “wow, this is slower than my phone on 2% battery,” the crypto industry is apparently right there with you. More than 100 crypto firms and VC shops, including Coinbase, Kraken, and Ripple, sent a letter to the Senate Banking Committee asking lawmakers to finally advance the Digital Asset Market CLARITY Act.
Why they’re making noise now
The pitch is basically: stop letting regulation happen by courtroom ambush. The coalition says the current setup — where the SEC and CFTC keep duking it out over who gets to police digital assets — is creating a fog machine for businesses trying to build in the U.S.
Their wishlist includes:
- clearer federal standards
- protection for decentralized software developers
- disclosure rules that don’t require a law degree and a crystal ball
Why investors should care
If CLARITY ever gets real momentum, it could redraw the crypto rulebook in a pretty material way. That’s especially important for exchanges, token projects, and anything touching digital commodities, because fewer regulatory gray zones usually means less headline risk and maybe a little more room for growth.
The catch
The bill already cleared the House, but it’s been sitting in the Senate like a suitcase nobody wants to unpack. So yes, this is bullish on the idea of crypto getting a cleaner legal framework — but no, it’s not the same thing as saying Washington suddenly found its speed run setting.
Big picture: crypto wants Congress to write the rules before the regulators keep writing them with lawsuits.