Coinbase Crypto Lobbying Group Urges Congress to Support the CLARITY Act

By: theblockbeats.news|2025/07/08 04:11:34

BlockBeats News, July 8th, according to Cointelegraph, the Coinbase crypto lobbying group, along with multiple cryptocurrency companies, urged U.S. House Representatives to pass the CLARITY Act during next week's session to clarify the regulatory framework for the crypto industry.


In a joint letter issued this Monday, the Stand With Crypto coalition, along with 65 crypto advocacy organizations and companies, urged lawmakers to support the "Digital Asset Market Structure and Clarity Act" (CLARITY Act). The letter stated: "We understand that some are attempting to politicize cryptocurrency legislation, but crypto technology is fundamentally reshaping the global economy. Without swift action to adopt blockchain-friendly policies in the U.S., the country risks falling behind others."


The CLARITY Act clarifies the division of responsibilities between the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in crypto regulation. The act grants CFTC the majority of regulatory authority over the crypto market, while SEC oversees crypto products related to securities.

You may also like

News thumbnail

Lil Pump’s Bold Solana Tattoo Move: Rapper Dumps SOL Tokens After Inking Blockchain Name on Forehead

As of August 14, 2025, the world of crypto and celebrity antics continues to collide in unexpected ways.…

crypto insight|2025/08/14 07:40:17
News thumbnail

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure

As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

crypto insight|2025/08/14 07:40:18
News thumbnail

Bitcoin Faces Resistance at $125K, Signaling Potential Consolidation Before Surge to $140K

As of today, August 14, 2025, the cryptocurrency market is buzzing with activity, and Bitcoin is at the…

crypto insight|2025/08/14 07:40:18
News thumbnail

XRP Price Chart Signals Potential 75% Surge as SEC Concludes Lawsuit Against Ripple

As of today, August 14, 2025, XRP continues to navigate a key legal obstacle with an injunction limiting…

crypto insight|2025/08/14 07:40:19
News thumbnail

Kalshi Election Betting Contracts Surge After Major Court Victory

The innovative prediction marketplace Kalshi has rolled out over a dozen contracts linked to U.S. political events since…

crypto insight|2025/08/14 07:40:19
Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]