A coalition including Coinbase (NASDAQ:COIN), Ripple (CRYPTO: XRP), Andreessen Horowitz, Circle (NYSE:CRCL), and Kraken has urged the Senate Banking Committee to advance the Clarity Act, warning delays risk pushing crypto offshore.
The April 23 Letter
The Crypto Council for Innovation and the Blockchain Association led the letter dated April 23, addressed to Senate Banking Committee Chairman Tim Scott (R-SC), Ranking Member Elizabeth Warren (D-Mass.), Digital Assets Subcommittee Chair Cynthia Lummis (R-Wyo.), and Ranking Member Ruben Gallego (D-AZ).
“With thoughtful market structure legislation, Congress has the opportunity to extend that leadership into the next generation of financial technology,” the groups wrote.
The coalition also backed the committee’s work on stablecoin-linked consumer rewards and efforts to …