{"id":35886,"date":"2025-07-09T08:46:31","date_gmt":"2025-07-09T08:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35886"},"modified":"2025-07-09T08:46:31","modified_gmt":"2025-07-09T08:46:31","slug":"industry-coalition-urges-house-of-representatives-to-support-clarity-act-ahead-of-crypto-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35886","title":{"rendered":"Industry Coalition Urges House Of Representatives To Support CLARITY Act Ahead Of \u2018Crypto Week\u2019"},"content":{"rendered":"
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Ahead of an important week for digital assets legislation, Stand With Crypto (SWC) and over 60 other industry firms sent a letter urging House lawmakers to champion clear regulations for the industry and unlock its potential.<\/p>\n

Industry Coalition Pushes For CLARITY Act Approval<\/h2>\n

On Monday, advocacy group Stand With Crypto, alongside 65 other firms and groups, sent a letter to the US House of Representatives urging lawmakers to support the bipartisan Digital Asset Market Clarity (CLARITY) Act of 2025 as the US approaches a \u201cpivotal crossroad.\u201d<\/p>\n

\"crypto\"<\/p>\n

The industry coalition argued that digital assets continue to reshape the global economy, despite some efforts to \u201cpoliticize crypto legislation,\u201d adding that the US risks falling behind unless pro-crypto policies that fully embrace blockchain technology are quickly adopted.<\/p>\n

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There are already signs of U.S. crypto leadership slipping. We cannot afford to let inaction and uncertainty jeopardize our ability to secure America\u02bcs economic future. Above all else the U.S. crypto industry needs market structure \u2014 which ensures there are clear rules of the road and provides the regulatory clarity that developers, users, and advocates need to continue innovating.<\/p>\n<\/blockquote>\n

The letter explains<\/a> that digital assets are \u201cproviding a foundation for a more inclusive, transparent, and secure digital economy,\u201d and \u201copening doors for economic opportunity, innovation, and financial empowerment on a scale we\u02bcve never seen before.\u201d<\/p>\n

As such, crypto developers require clear guidance and safeguards to continue building blockchain systems, with standards for transparency, security, and accountability, and where users can control their digital assets.<\/p>\n

The lack of standardized rules has hindered institutional adoption, innovation, and pushed talent and businesses to more industry-friendly jurisdictions outside the US. Nonetheless, passing the long-awaited market structure bill<\/a> would address these issues, the crypto coalition argues.<\/p>\n

House Lawmakers Prepare For \u2018Crypto Week\u2019<\/h2>\n

Notably, SWC\u2019s letter comes ahead of the highly anticipated \u201cCrypto Week,\u201d which will see the review of three key legislations during the week of July 14 to 18, including the GENIUS Act and CLARITY Act.<\/p>\n

As reported<\/a> by Bitcoinist, House Financial Services Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson announced the upcoming discussion on rules on stablecoins, market structure, and central bank digital currency as part of Congress\u2019s efforts to make America the crypto capital of the world.<\/p>\n

Chairman Thompson affirmed<\/a> that \u201cit will soon be time for the House to deliver for the American people and send CLARITY to the Senate. I thank House Leadership for recognizing the urgent need for CLARITY to cement American leadership in the digital asset space.\u201d<\/p>\n

The bipartisan bill was introduced on May 29 by Chairman Hill, aiming to establish a regulatory framework for crypto assets and provide the long-awaited clarity and protection for the industry.<\/p>\n

If passed, the legislation will assign clear roles and responsibilities to the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC), which would \u201cnot only enable and empower developers to innovate, but also protect consumers through choice, foster greater participation in the blockchain economy, and strengthen national security.\u201d<\/p>\n

Nearly a month ago, the bill passed<\/a> its two committee markups, but it still needs to pass the full House vote and the Senate before heading to President Donald Trump\u2019s desk.<\/p>\n

\u00a0However, its path to approval has been uncertain, as House Democrats have heavily criticized the bill, and some lawmakers have pushed to merge it with the GENIUS Act, making next week\u2019s debate a pivotal moment for the legislation.<\/p>\n

\"crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ahead of an important week for digital assets legislation, Stand With Crypto (SWC) and over 60 other industry firms sent a letter urging House lawmakers to champion clear regulations for the industry and unlock its potential. Industry Coalition Pushes For CLARITY Act Approval On Monday, advocacy group Stand With Crypto, alongside 65 other firms and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35886","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35886"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35886\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}