Over 200 Crypto Companies Urge Senate Leaders to Vote on Digital Asset Market Clarity Act
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Summary
A coalition of over 200 companies and organizations, including Coinbase, Circle, Ripple, and Kraken, sent a letter to Senate leaders urging a full Senate vote on the Digital Asset Market Clarity Act. The bill aims to establish a federal framework for digital assets, clarify SEC and CFTC responsibilities, create registration pathways for market participants, and extend protections to software developers. The letter cited the Senate Banking Committee's recent passage of the bill as evidence of bipartisan consensus.
Key quotes
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The letter was led by Mason Lynaugh, Summer Mersinger, Ji Hun Kim, and Cody Carbone, and cited the Senate Banking Committee's recent passage as evidence of bipartisan consensus.
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