Thank you @SenatorTimScott, @SenLummis, and @JohnBoozman - along with senators and staff on both sides of the aisle - for taking a huge step today to advance the CLARITY Act.

Major legislation requires real compromise, and while the industry did not get everything it wanted, this bill is an extraordinary achievement and strikes the right balance. By bringing emerging technology under a clear federal umbrella while preserving the gold-standard protections of the U.S. financial system, this bill represents a major legislative achievement that the Senate should pass without delay.