Crypto advocacy groups support CLARITY passage as ethics rules face pushback

The Crypto Council for Innovation, Digital Chamber and Blockchain Association wrote to US Senate leaders on Friday calling for the chamber to prioritize “floor consideration” of the Digital Asset Market Clarity (CLARITY) Act.In a Friday letter to Senator Majority Leader John Thune and Minority Leader Chuck Schumer, the three cryptocurrency advocacy groups urged consideration of the CLARITY Act, which Republican lawmakers have been pushing for a vote before the chamber breaks for state work periods in August. Although the bill has advanced through the Senate banking and agriculture committees, some lawmakers said they planned to withhold their votes until key provisions were addressed.“[We] recognize that constructive bipartisan negotiations remain underway to secure and expand support for this critical piece of legislation,” said the letter. “We appreciate these good-faith efforts of Senators on both sides of the aisle, and we encourage those discussions to continue.”Source: Crypto Council for InnovationThe CLARITY Act, expected to be one of the most significant pieces of legislation impacting the crypto industry, needs 60 votes to pass in the Senate, where Republicans hold a 52-47...