Block Backs CLARITY Act, Urges US Senate Floor Consideration
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Block has formally voiced support for the CLARITY Act, a US digital-asset market structure bill.
Bitcoin Magazine reported on July 29 that Block, in a letter to the US Senate, said it "strongly supports the CLARITY Act" and "respectfully urges the Senate to bring the bill to the floor for consideration."
Block's public endorsement adds to calls from the US financial and crypto industries for the bill's passage.
BlackRock, Franklin Templeton, Fidelity, Goldman Sachs and Charles Schwab have also expressed support for the CLARITY Act.
The bill aims to establish a regulatory framework for the US digital-asset market and clarify the roles and jurisdiction of regulators. Discussions on advancing the legislation are under way in the Senate.
