Open letter dated June 7 urges Senate vote on the CLARITY Act before Aug. 10 recess

An open letter dated June 7 from a coalition of more than 200 crypto firms and advocacy groups asked Senate leaders to schedule a floor vote on the CLARITY Act ahead of the Aug. 10 recess. The bill would clarify how the SEC and CFTC oversee digital asset markets and set registration paths and protections for software developers, while some banking voices and academics argue it could raise financial-system risks.