Bipartisan support for the CLARITY Act shows it’s time for Congress to lead on crypto—Op-Ed
By Spencer Gross
In an era of deep political division, the House Agriculture Committee’s recent bipartisan vote to advance H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act, stands out as a rare and hopeful sign. Democrats and Republicans coming together to support this legislation demonstrates that Congress can still act decisively on issues that matter to our economy and to the future of American innovation.
The digital asset and blockchain industry has grown rapidly, offering new tools for finance, recordkeeping, and decentralized applications. Yet the rules governing this space have remained outdated, inconsistent, or in many cases nonexistent. Entrepreneurs, developers, and small businesses working with digital assets have faced confusing regulatory standards that make it difficult to raise capital, protect users, or even know which federal agency is in charge.
The result has been a steady migration of talent and investment overseas. Other countries are moving quickly to create regulatory environments that support blockchain innovation, while the United States risks falling behind. The CLARITY Act would reverse that trend by establishing a clear legal framework tailored to digital assets, providing both entrepreneurs and investors with the certainty they need to build in the United States.
Just as important, this legislation puts strong consumer protections front and center. It defines responsible oversight and transparency standards, helping shield consumers from fraud, market manipulation, and bad actors. It does this without stifling innovation, striking a careful balance that serves the public interest.
The fact that the bill passed out of committee with broad bipartisan support shows that lawmakers recognize what’s at stake. This is not just about cryptocurrency. It’s about making sure that America leads the next wave of internet innovation, just as we did in the early days of the tech sector.
Congress should move quickly to bring the CLARITY Act to the House floor for a full vote. The moment for digital asset clarity is long overdue. By acting now, lawmakers can ensure the United States remains a hub for responsible innovation, job creation, and consumer protection in the global digital economy. The bipartisan groundwork has been laid. Now it’s time to finish the job.
Spencer Gross serves on the Board of Digital Innovation for America, a nonprofit organization committed to being a voice for every American who seeks to harness the promise of blockchain technology and digital assets for a more empowered future.