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The Digital Chamber of Commerce initiates a new lobbying campaign, strongly advocating for the passage of the "Clarity Act" this year.
Digital Chamber CEO Cody Carbone stated that Congress needs to realize that the American public expects them to take action on the Clarity Act. The bill was passed in the House of Representatives last year but has been shelved in the Senate for months due to issues such as stablecoin reward handling.
Currently, the controversy seems to have been resolved, but ethical and DeFi issues have resurfaced.
It is said that over 70 million Americans hold cryptocurrencies nationwide, and they need the protections provided by the bill. As the midterm elections approach, the crypto industry is increasing its political lobbying efforts.