Congress faces a choice: drain the savings of millions of Americans out of local banks and credit unions to meet the demands of well-funded crypto players, or create fair rules for the entire financial system. Those are the stakes of a new digital assets bill being debated in Congress. 

We’re closer than ever to establishing the first comprehensive regulatory framework for digital assets, known as the CLARITY Act. Senate leaders are signaling that the bill could reach the floor in the coming weeks, even as lawmakers continue to debate whether the bill has enough bipartisan support to become law.