TLDR:
65 crypto founders urged lawmakers to pass the CLARITY Act for regulatory reform.
The bill outlines roles for the SEC and CFTC to ensure oversight and innovation.
Delays in regulation could push blockchain talent and jobs overseas.
U.S. crypto leadership is at risk without clear and coordinated rules.
Over 65 crypto company leaders have joined forces to urge lawmakers to support the Digital Asset Market Clarity (CLARITY) Act.
The bipartisan proposal aims to establish a clear regulatory framework for the fast-growing digital asset sector. Supporters argue that the current legal uncertainty is pushing innovation abroad and hindering consumer protection.
The group emphasized the need for consistent rules that would allow developers and investors to operate confidently. Their appeal reflects growing concerns about the U.S. falling behind in global crypto leadership.
Crypto Founders Unite Across State Lines
Stand With Crypto, a grassroots advocacy group, delivered a formal letter to the U.S. House of Representatives on July 7. The letter was signed by 65 crypto founders representing over 6,100 jobs across 21 states.
SWC has delivered a letter to the House in support of the CLARITY Act signed by over 65 Crypto Founders representing 6,100+ jobs across 21 states.
We urge House members to support CLARITY – a comprehensive market structure bill that will enable American innovators to thrive. pic.twitter.com/98pwmUskdH
— Stand With Crypto🛡️ (@standwithcrypto) July 7, 2025
The authors stated that the U.S. must embrace blockchain technology to compete globally and drive economic growth. They pointed out that delays in regulatory clarity could drive businesses to more favorable jurisdictions overseas.
According to the letter, the CLARITY Act offers the structure needed to unlock innovation and secure long-term economic gains. It calls on legislators to move beyond partisan divisions and focus on building the foundation for a secure and inclusive digital economy.
Developers and Consumers Need Clear Rules
The group stressed that without clear roles for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), progress remains stalled.
Developers need guidelines to build blockchain platforms that protect user assets and ensure system integrity.
Meanwhile, consumers require stable standards to avoid fraud and loss. The letter described the current lack of coordination between agencies as a roadblock to broader adoption.
The proposed bill outlines responsibilities for both the SEC and CFTC, offering developers the clarity needed to innovate responsibly. It also addresses consumer protections by enforcing consistent rules for accountability and transparency in crypto services.
U.S. Risks Losing Global Crypto Edge
In their message, the founders warned that the country’s leadership in crypto is weakening. Countries with friendlier regulations are attracting talent, investment, and development.
The lack of U.S. regulatory clarity, they said, sends mixed signals to entrepreneurs and institutions.
They argue that failure to act may impact not only economic prospects but also national security. The letter frames the CLARITY Act as a turning point, offering a path forward for a safe, thriving blockchain economy.
The group expressed hope that lawmakers would seize this chance to reinforce America’s role in the digital future.
