Law enforcement group, crypto lobby back revised CLARITY Act

The National Cryptocurrency Association submitted testimony to a House Financial Services subcommittee hearing. It argued the CLARITY Act provides stronger consumer protections while reducing regulatory uncertainty. The NCA cited its own research claiming more than 67 million Americans own cryptocurrency. According to the group, 73% of respondents support stronger consumer protections, and 77% favor comprehensive legislation for digital assets.

The NCA said the bill requires clearer disclosures from crypto platforms, introduces fraud warnings for crypto kiosks, preserves self-custody rights, and maintains existing consumer protection authority for the Federal Trade Commission and Consumer Financial Protection Bureau. The group argued that clearer rules would allow innovation to continue while giving consumers greater confidence in using digital assets.

The endorsements add to broadening support for the revised CLARITY Act from organizations with different priorities. The FOP focused on stronger investigative tools, anti-money laundering measures, and law enforcement coordination. The NCA, by contrast, argued the bill strikes a balance between consumer protection, innovation, and regulatory clarity.

The House is expected to consider the revised market structure bill as lawmakers continue work on establishing a complete regulatory framework for digital assets in the United States. No date has been set for a floor vote.