McCormick said the legislation should protect consumers and help keep the industry onshore rather than offshore, signaling potential momentum for a U.S. crypto market structure framework.
Sen. Dave McCormick said CLARITY, a proposed U.S. crypto market structure framework, is aimed at setting "rules of the road" that provide consumer protection while helping keep the industry onshore instead of offshore. Speaking with Maria Bartiromo, he said lawmakers need to "land this plane" and added, "I think we'll land this in the coming months." His remarks point to a push for clearer rules for digital assets, an issue the industry has argued is critical for reducing regulatory uncertainty and limiting the movement of crypto activity outside the United States.