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Yesterday, the House of Representatives approved the CLARITY Act, proposed by President French Hill (AR-02), HR 3633, with a bipartisan vote of 294 in favor and 134 against. Support for the measure has increased both before and after the vote.

Here’s what experts and supporters of the Committee’s efforts say:

The American Consumer and Investor Institute (ACSI) stated: "For too long, the lack of a clear regulatory framework for digital assets has limited access for consumers and investors, stifled innovation, and driven American entrepreneurs and product developers to emigrate. The CLARITY Act turns the page by establishing sensible legal and regulatory frameworks that will benefit all consumers, investors, and market participants. …The bipartisan support for the CLARITY Act in both committees demonstrates its thoughtful approach to balancing digital innovation with consumer protection, while promoting U.S. dominance in the rapidly growing digital asset economy."

Anchorage Digital stated: "CLARITY lays the foundation for a developing digital asset market. Knowing which assets are securities, which are commodities, and why, opens the doors to the next phase of U.S. policy on cryptocurrencies."

Anthony Hernandez, President and CEO of the Defense Credit Union Council, stated: "By advancing the GENIUS Act and the key framework for digital assets, legislators prioritize innovation and security, ensuring that credit unions and financial institutions can operate with confidence and clarity in a rapidly evolving digital landscape. This is an essential step to strengthen the U.S. economy and protect consumers, including our military and veteran communities."