Fresh on the heels of achieving a historic stablecoin law, the cryptocurrency industry has signaled it’s willing to sink money — and political pressure — into securing comprehensive legislation.
“I’ll tell you very clearly that CLARITY is the top priority for the industry. This is where the rubber is meeting the road,” a source familiar with the thinking of the industry’s political operation told NOTUS.
There’s a self-imposed Sept. 30 deadline for Congress to send a sweeping bill regulating crypto to President Donald Trump’s desk. The House passed the CLARITY Act, short for the Digital Asset Market Clarity Act, which would establish a regulatory framework for digital assets such as crypto, last week. The Senate Banking Committee released a discussion draft Tuesday that Republican Sen. Cynthia Lummis said builds on the House’s bill, meaning the House will likely have to vote again on the Senate version before it hits the president’s desk.