U.S. Senator Kevin Cramer (R-ND) is urging U.S. lawmakers to pass the Clarity Act quickly, emphasizing that regulatory uncertainty risks driving the digital asset industry the country.
We Cannot Allow Innovation To Leave
In a Mar. 17 interview, Cramer stressed the need for clear regulatory “guardrails” to define:
- Securities vs. commodities
- Traditional banking vs. digital asset platforms
He acknowledged concerns from banks about crypto firms offering yield products, sometimes through intermediaries like PayPal, but argued that regulation must strike a balance between oversight and innovation.
Cramer warned that without clarity, the U.S. …