Summary
Official committee compilation of industry and expert support statements for the CLARITY Act after House passage (294-134 bipartisan vote). Includes quotes from Coinbase, Kraken, Ripple, a16z crypto, Jump Crypto, Blockchain Association, Milken Institute, and others.
Key Points
- CLARITY Act passed 294-134 (bipartisan).
- GENIUS Act “now goes to the President’s desk”; CLARITY “moves forward to the Senate.”
- Coinbase: “Bipartisan momentum is building.”
- Kraken: “Other major economies around the world are years ahead in putting clear rules in place.”
- a16z crypto (Chris Dixon): Bill “protects consumers, gives long-term incentives for builders & investors, makes sure crypto stays in the U.S.”
- Tyler Winklevoss (Gemini): “This is a huge step towards getting the regulatory clarity our industry needs.”
- CCI (Ji Hun Kim): U.S. “falling behind” EU, Singapore, Japan — need CLARITY Act or risk offshore migration.
- IIA (internal auditors): Sections 404 and 406 contain “essential investor protections” — counters AFR/CR critique.
- Ripple CLO Stuart Alderoty: “at long last, there’s movement on workable, clear frameworks.”
Newsletter Angles
- The breadth of institutional support (audit profession, defense credit unions, derivatives associations) shows crypto legislation has become mainstream institutional finance policy.
- Global competition framing is consistent: EU/Singapore/Japan ahead, U.S. risks brain drain.
- IIA praising Secs. 404/406 as investor protections counters AFR and CR’s “no investor protection” critique.
Entities Mentioned
- European Union — cited as ahead on regulation; MiCA as reference point
- Circle — Coinbase connection; implied beneficiary
Concepts Mentioned
- CLARITY Act — subject; industry endorsements
- GENIUS Act — companion; referenced as going to President’s desk
- DePIN — blockchain infrastructure implications
- Crypto Week — the legislative sprint
Notes
Official committee document; aggregated industry endorsements. Counter-document to AFR and Consumer Reports critical pieces.