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A Major Crypto Firm Is Backing The Clarity Act. It Says The U.S. Is Losing Ground In The Industry
['Merin Rebecca Thomas']
International Business Times
In a statement released Wednesday, Digital Currency Group said the current version of the legislation provides the legal certainty needed for the digital asset industry to expand responsibly while maintaining appropriate consumer protections.
The company described the bill as the result of extensive negotiations involving lawmakers, industry representatives and policy advocates from both political parties.
Today, DCG sent a letter to Senate leadership with a clear message: pass the Clarity Act.
Several cryptocurrency industry associations have also endorsed the latest draft.
DCG's endorsement carries particular weight given its role in the digital asset industry.