Key Takeaways:
61 crypto leaders urged senators to preserve developer protections inside the CLARITY Act.Supporters say clearer rules could help distinguish software builders from financial intermediaries.Senate changes may determine whether crypto developers keep building in the United States.The group wrote:
“We respectfully urge the Senate to pass the Clarity Act with the bipartisan BRCA as advanced by the Committee.”
Industry leaders also framed the issue as broader than one provision. They urged lawmakers to preserve Section 601 of the CLARITY Act and Section 207 of the Digital Commodity Intermediaries Act, which address when securities and commodities laws apply to software developers and providers.
Coinbase, Block, Solana, and Uniswap Leaders Press for Clearer LinesThey wrote:
“Clear boundaries do not weaken enforcement; they strengthen it by distinguishing lawful activities from illicit or non-compliant conduct.”
