Press Releases

Earlier this week, the House Financial Services Committee, led by Chairman French Hill (AR-02), passed the CLARITY Act by a bipartisan vote of 32-19. The same day, the House Agriculture Committee, chaired by GT Thompson (PA-15), passed the CLARITY Act by a vote of 47-6.

Here's what experts and supporters of the Committee’s efforts are saying: 

Summer Mersinger, CEO, Blockchain Association said: “Market structure legislation is as inherently complex as it is vital for America's digital asset future. Clear, well-crafted rules will determine whether the United States maintains its leadership in the global digital economy or cedes this advantage to other nations. The process behind the CLARITY Act demonstrates the careful approach necessary to navigate these complex policy challenges – and its bipartisan support signals Congress' growing recognition that digital asset policy is about American competitiveness and innovation, not partisan politics.”

Peter Van Valkenburgh, Executive Director, Coin Center said: “On behalf of Coin Center, I write to express our support for the Digital Asset Market Clarity (CLARITY) Act of 2025. We appreciate the Committee’s leadership in advancing a thoughtful and comprehensive framework for the regulation of digital asset markets. Coin Center has supported and encouraged the creation of a de novo federal regulatory regime for trusted entities in the cryptocurrency ecosystem since 2018; we understand how long the road to CLARITY has been and eagerly await its passage into law. …The CLARITY Act reflects meaningful bipartisan work across committees and incorporates important refinements that balance innovation with consumer protection and financial integrity. Coin Center strongly supports these efforts and stands ready to assist members of the Committee as the bill advances.”

Ji Hun Kim, President and Acting Chief Executive Officer, Crypto Council for Innovation: “Currently, the U.S. is falling behind other major jurisdictions who have advanced regulatory frameworks for digital assets. Major economies like the European Union, Singapore, and Japan have made significant progress in this area. Without Congressional action, we risk American innovators migrating offshore and consumers turning to unregulated offshore markets. Further delay in establishing market structure legislation would pose risks to both U.S. economic competitiveness and national security. …Critically, the CLARITY Act provides for such clear rules and also includes important consumer protections, such as segregating customer funds, bankruptcy procedures, addressing conflicts of interest, and requiring risk disclosures of operation, ownership, and structure. We strongly support these requirements that would protect consumers and their funds.”

DeFi Education Fund said: “At DeFi Education, we are especially grateful to the co-sponsors of the bill, Chairs Hill and Thompson, Reps. Emmer, Steil, Johnson, Craig, Davis, Torres, and Davidson, the members of both Committees, and their dedicated staff for their tireless efforts to bring much-needed regulatory clarity to the digital asset ecosystem.”

Decentralized Research Center said: “It is essential that the United States adopt a comprehensive legislative framework that provides clear and consistent rules for digital assets. The current regulatory uncertainty regarding the classification and treatment of digital assets has created significant challenges for both emerging ventures and established institutions. Greater clarity is necessary to support responsible innovation, promote financial inclusion, and strengthen the United States’ position as a global leader in digital technology. …We are particularly encouraged to see the CLARITY Act reflect several control-based decentralization principles that our research has found essential to evaluating system maturity and risk. The Act’s focus on objective disclosures, functional milestones, and limitations on insider control provides a meaningful alternative to outdated legal tests that fail to accommodate the unique characteristics of decentralized systems.”

Futures Industry Association said: “FIA appreciates US House Financial Services Committee Chair French Hill and House Agriculture Committee Chair G.T. Thompson for advancing the bipartisan CLARITY Act. This legislation is an important step in providing legal and regulatory certainty for the crypto and financial services industry. We believe the listed and cleared derivatives markets - and their regulatory framework - have much to contribute to this debate, and we look forward to reviewing the Act and providing our expertise.” 

Anthony J. Pugliese, President and CEO, the Institute of Internal Auditors said: “The bipartisan Digital Asset Market Clarity (CLARITY) Act represents an important step forward in establishing a clear, consistent, and balanced digital asset framework in the United States. As the professional association representing internal auditors, The IIA supports the legislation’s emphasis on establishing sound governance and risk management processes at digital commodity exchanges. In particular, Sections 404 and 406 of the CLARITY Act contain essential investor protections that will strengthen American confidence in the emerging digital asset marketplace. The IIA looks forward to continued engagement with congressional leaders of both parties to ensure this critical legislation advances and is passed into law.”

International Swaps and Derivatives Association said: “ISDA commends the bipartisan effort to advance digital assets market structure legislation in the House Financial Services Committee and the House Agriculture Committee. This legislation will provide clarity to the emerging digital asset regulatory framework and includes provisions to enhance liquidity and efficiency for both digital and traditional markets. Going forward, ISDA is committed to working with Congress as it addresses these vital evolving markets.”

Chris Dixon, Founder, Managing Partner, a16z crypto said: “Yesterday was big. Market structure legislation got passed out of both the House Ag and Financial Services committees with bipartisan support. This bill does 3 things: 1- protects consumers 2- gives long-term incentives for both builders & investors 3- makes sure crypto stays in the U.S. If we want a better internet we need blockchain networks being built here in America. This bill enables that. Yesterday was a solid step in the right direction, but we now need this bill to come to the House floor and then move to the Senate for approval. Let’s get this done so we can ensure the U.S. remains the crypto leader for decades to come.”

Nathan McCauley, Co-Founder and CEO, Anchorage Digital said: “The CLARITY Act is a meaningful step toward stronger digital asset market structure. Grateful to House Committee on Financial Services Chairman French Hill and Representative Bryan Steill for leading on this. We support efforts to bring regulatory clarity and look forward to continued engagement as the bill evolves.”

Coinbase said: “Bipartisan momentum is building. Lawmakers from both sides agree: it’s time to protect consumers and unlock American innovation with clear crypto legislation. As Congress prepares for a key vote to advance the CLARITY Act, the message is clear: vote YES.”

Kraken said: "Kraken commends the House Financial Services Committee and Agriculture Committee leadership for advancing bipartisan market structure legislation and driving this important discussion forward. Other major economies around the world are years ahead in putting clear rules in place for centralized intermediaries. After many years of legislative progress, it is critical that the US Congress put a market structure bill on the President's desk for signature by August."