🏛 Senate Democrats Call for Bipartisan Collaboration on the CLARITY Act

In a press release this week, Senator Ruben Gallego and 11 other Senate Democrats urged their Republican colleagues to join them in a true bipartisan process to advance the CLARITY Act, a landmark piece of crypto legislation.

The Senators emphasized that with the global digital asset market now exceeding $4 trillion, effective regulation will require a considered and bipartisan approach.

🔑 Key Highlights of the CLARITY Act Framework:

▫️ Focuses on the spot market for non-security crypto assets

▫️ Establishes the legal status of digital assets & regulator jurisdiction

▫️ Integrates issuers and platforms into the U.S. regulatory framework

▫️ Prioritizes the prevention of illicit finance, corruption, and abuse

▫️ Promotes fair, transparent, and effective regulation

The Senators reiterated that any market structure legislation should reflect these seven pillars, emphasizing mutual understanding as the starting point for collaboration.

As the U.S. seeks to position itself as a leader in digital asset regulation, bipartisan efforts like the CLARITY Act could shape the future of the industry.

Do you think this bipartisan push will finally deliver comprehensive crypto regulation in the U.S.?

#CryptoRegulation #CLARITYAct #DigitalAssets #BipartisanLeadership #Policy

https://coingape.com/senate-democrats-urge-republicans-for-true-collaboration-to-quickly-pass-clarity-act/?utm_source=coingape&utm_medium=linkedin