Block Urges Senate to Pass Digital Asset Market Clarity Act
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Block Inc., founded by Jack Dorsey, sent a letter to the U.S. Senate urging the immediate passage of the Digital Asset Market Clarity Act (CLARITY Act) before the August 10, 2026 recess. The letter emphasizes the urgency of action, highlighting the need for regulatory certainty, protections for developers, and U.S. competitiveness in crypto innovation. The CLARITY Act aims to provide jurisdictional clarity between the SEC and CFTC, establish a stablecoin framework, and includes an ethics title restricting public officials from issuing digital assets.
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