The Senate Must Pass the CLARITY Act
The Senate has a clear choice this week: lead on crypto or throw in the towel before the anti-crypto Democrats. As the Senate prepares to mark up a crypto market structure bill, they must get it right along three core principles:
Treat digital asset tokens correctly. Digital asset tokens themselves are not securities. They should be regulated as commodities under the Commodity Futures Trading Commission (CFTC), consistent with the CLARITY Act.
Keep the framework inclusive of all tokens and ledgers. There must be one set of rules that regulates the entire digital asset ecosystem the same, not favoring any token or ledger over another. The CLARITY Act that passed the House achieved this and the Senate can’t go off the rails on this fundamental principle.
Protect Americans. Everyone agrees on guard rails to protect against fraud and scams, despite the lies and distortions coming from the left to hide their intention to overregulate crypto so much that it kills the technology. The House adopted an approach that achieved this.
There's a way forward here: instead of giving in to those who simply want to see this effort fail, the Senate should use the House version of the CLARITY Act. The work was done in that chamber and gathered 78 House Democrat “yes” votes. The House bill can set the framework for market structure across the United States.
Too much time and energy have been spent on this critical issue to leave it so close to the finish line. This is a key priority of President Trump and millions of Americans who have invested in crypto. The Senate should get it done.
