PANews April 23 news, according to CoinDesk, over 100 cryptocurrency companies and industry organizations in the United States have sent a letter to the Senate Banking Committee, urging formal review and advancement of the Clarity Act to establish a federal market framework for digital assets. The signatories include Coinbase, Ripple, Circle, Kraken, a16z, Paradigm, and others, emphasizing that reliance solely on regulatory enforcement cannot provide stable rules, warning of the risk of reverting to "regulatory enforcement replacing legislation." The letter outlines six legislative priorities, including clarifying the division of responsibilities between the SEC and CFTC, protecting developers of non-custodial tools, preserving consumer rewards related to payment stablecoins, simplifying disclosure rules, and preventing regulatory fragmentation by establishing federal standards to avoid capital and job outflows to other jurisdictions with established frameworks.

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