More than 100 crypto firms urge Senate to act on market structure bill markup

A coalition of over 100 U.S. crypto companies and trade groups has called on the Senate Banking Committee to proceed with a markup of the Clarity Act. This bill aims to establish a federal framework for cryptocurrency markets, arguing that agency actions alone are insufficient for stable rules and risk a return to "regulation by enforcement." Key priorities for lawmakers include defining SEC and CFTC oversight roles, protecting non-custodial developers, simplifying disclosure rules, and preventing a patchwork of state laws. The group warns that the absence of U.S. legislation risks driving investment and jobs overseas, while other major jurisdictions like the EU have already enacted comprehensive frameworks. They emphasize the need for clear, comprehensive rules to ensure the U.S. leads in digital asset markets.

(Source：CoinDesk)