TechFlow News: On April 23, according to CoinDesk, over 100 U.S. cryptocurrency companies and industry organizations sent a letter to the Senate Banking Committee urging advancement of the Clarity Act’s consideration to establish a federal regulatory framework for digital asset markets. Signatories include Coinbase, Ripple, Kraken, Andreessen Horowitz, Paradigm, and Consensys. Their core requests include clarifying the regulatory division of responsibilities between the SEC and the CFTC, protecting developers of non-custodial tools, simplifying disclosure requirements, and preventing fragmentation across state-level regulatory standards. The signatories warned that without a comprehensive cryptocurrency regulatory framework in the U.S., investment, job creation, and development activities may shift overseas.
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