Statement following the bipartisan Senate Banking Committee markup vote on the Clarity Act

“Today’s bipartisan Senate Banking Committee passage of the Clarity Act is a defining moment for American leadership in the future of finance. Durable, lasting digital asset policy must be built on a bipartisan foundation, and today’s vote reflects the growing recognition across party lines that the United States needs clear rules of the road. For too long, regulatory uncertainty has sent talent, investment, and innovation overseas – strengthening foreign competitors while leaving American builders without the certainty they need to compete. The Clarity Act is an opportunity to reverse that trend, reshore the next generation of financial technology jobs, and ensure digital asset markets are built here in the United States under American values: consumer protection, open markets, individual freedom, and the rule of law. Just as importantly, clear rules will benefit American consumers by expanding access to compliant and innovative financial products, improving transparency and accountability in digital asset markets, and reducing reliance on opaque offshore platforms that operate outside U.S. oversight. Blockchain Association applauds the Committee for advancing this critical legislation with bipartisan support. Important work still remains, and we are fully committed to continued engagement with lawmakers and stakeholders as the bill moves swiftly toward consideration on the Senate floor.” – Blockchain Association CEO Summer Mersinger